The dashboard shows a company$$s beginning inventory along with its merchandise purchases and merchandise sales for the period. beginning of the year: inventory $=$ $$110$ During the year: Merchandise Purchases $=$ $$270$ During the year: Merchandise sales $=$ $$290$ Compute ending inventory at year$-$end. A physical count of inventory at year$-$end shows $$85$ of inventory exists. Prepare the journal entry to record inventory shrinkage.