The following amounts summarize Marino Company's merchandising activities during 2020. Marino uses the perpetual inventory system. T-accounts for Inventory and Cost of Goods Sold have been set up for you. Post the amounts below into the accounts, and calculate the balances. Briefly discuss the possible causes of the shrinkage amount. E (Click the icon to view the amounts.) (Use "Return" for any returns from customers. Use "Allow." for any allowances given to customers. If a box is not used in the T-accounts, leave the box empty; do not select a label or enter a zero.) Inventory Cost of Goods Sold Beg. Bal. Amounts - X End. Bal. End. Ball End. Bal End. Bal $ 99,000 33,000 104.000 5,000 Cost of inventory sold to customers Inventory balance, December 31, 2019 Invoice total for inventory purchases Cost of freight-in Cost of undamaged inventory returned by customers Shrinkage calculated on December 31, 2020 Purchase discounts received. Purchase returns and allowances received 22,000 12,000 4.800 2.500 Print Done The following amounts summarize Marino Company's merchandising activities during 2020. Marino uses the perpetual inventory system. T-accounts for Inventory and Cost of Goods Sold have been set up for you. Post the amounts below into the accounts, and calculate the balances. Briefly discuss the possible causes of the shrinkage amount. E (Click the icon to view the amounts.) (Use "Return" for any returns from customers. Use "Allow." for any allowances given to customers. If a box is not used in the T-accounts, leave the box empty; do not select a label or enter a zero.) Inventory Cost of Goods Sold Beg. Bal. Amounts - X End. Bal. End. Ball End. Bal End. Bal $ 99,000 33,000 104.000 5,000 Cost of inventory sold to customers Inventory balance, December 31, 2019 Invoice total for inventory purchases Cost of freight-in Cost of undamaged inventory returned by customers Shrinkage calculated on December 31, 2020 Purchase discounts received. Purchase returns and allowances received 22,000 12,000 4.800 2.500 Print Done