Manjinder (9080) CRITICAL THINKING MINI CASE You have just graduated with a business diploma in management and have been hired as the inventory man- ager for a local sporting goods store. Your first task is to review and assess the following information: 2020 2019 Cost of merchandise sold to customers in sales transactions.. $480,000 $320,000 Merchandise inventory balance, beginning of year......................!) ? 84,000 Invoice cost of merchandise purchases... 510,000 240,000 Shrinkage determined at end of year ......... 2,500 14,000 Cost of transportation-in. 25,500 12,000 Cost of merchandise returned by customers and restored to inventory .. 115,000 22,400 Purchase discounts received.. 5,100 2,400 Purchase returns and allowances received 2,550 1,200 Required Using the elements of critical thinking described on the inside front cover, comment