Required information (The following information applies to the questions displayed below) Home Hardware reported beginning inventory of 20 shovels, for a total cost of $140. The company had the following transactions during the month: Jan. 2 Sold 6 shovels on account at a selling price of $15 per unit. 16 Sold 1e shovels on account at a selling price of $15 per unit. 18 Bought 8 shovels on account at a cost of $7 per unit. 19 Sold 10 shovels on account at a selling price of $15 per unit. 24 Bought 10 shovels on account at a cost of $7 per unit. 31 Counted Inventory and determined that 11 units were on hand. 3-a. What is the dollar amount of shrinkage that you were able to determine in periodic inventory system? One cannot determine $7 3.b. What is the dollar amount of shrinkage that you were able to determine in perpetual inventory system? Amount of Shrinkage