Saved er 5 Homework The following supplementary records summarize Tesla Company's merchandising activities for year 2017 (it uses a perpetual inventory system) Cost of merchandise old to customers in sales transactions Merchandise inventory, December 31, 2016 Invoice cost of nerchandise purchases, gross anount Shrinkage determined on December 31, 2017 Cost of transportation-in Cost of merchandise returned by customers and restored to inventory Purchases discounts received Purchases returns and allowances $238,000 34,558 243,998 810 2,440 2, 600 1,952 4,000 nrt Record the summarized activities in the T-accounts below. nces Cost of