Required information [The following information applies to the questions displayed below.] Home Hardware reported beginning inventory of 25 shovels, for a total cost of $250. 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 11 shovels on account at a selling price of $15 per unit. 18 Bought 9 shovels on account at a cost of $10 per unit. 19 Sold 11 shovels on account at a selling price of $15 per unit. 24 Bought 11 shovels on account at a cost of $10 per unit. 31 Counted inventory and determined that 16 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 $10 3-b. What is the dollar amount of shrinkage that you were able to determine in perpetual inventory system? Amount of Shrinkage