Required information (The following information applies to the questions displayed below.) Nix'lt Company's ledger on July 31, its fiscal year-end, includes the following selected accounts that have normal balances (Nix'It uses the perpetual inventory system). Merchandise inventory T. Nix, Capital T. Nix, Withdrawals Sales Sales discounts $ 44, 300 128, 300 7,000 161, 100 4, 200 Sales returns and allowances Cost of goods sold Depreciation expense Salaries expense Miscellaneous expenses $ 5, 200 108,900 11,600 39,000 5,000 A physical count of its July 31 year-end inventory discloses that the cost of the merchandise inventory still available is $42,500. Prepare the entry to record any inventory shrinkage