Required information Use the following Information for the Exercises below. [The following information applies to the questions displayed below.] Nix'It 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 $ 39,800 Sales returns and allowances $ 6,100 Retained earnings 119,300 Cost of goods sold 106,200 Dividends 7,000 Depreciation expense 10,700 Sales 159, 400 Salaries expense 34,500 Sales discounts 3,300 Miscellaneous expenses 5,000 A physical count of its July 31 year-end inventory discloses that the cost of the merchandise inventory still available is $38,450. QS 4-9 Accounting for shrinkage-perpetual system LO P3 Prepare the entry to record any inventory shrinkage