The following amounts summarize Rossi Company's merchandising activities during 2020. Rossi 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. (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. End. Bal End. Ba End, Bal End, Bal Briefly discuss the possible causes of shrinkage amount. Possible causes of shrinkage include: (Select all that apply.) A loss of sales B. damage C. employee turnover D. theft E. accounting errors E sick days for employees er Amounts 111,000 Cost of inventory sold to customers Inventory balance, December 31, 2019 31,000 114,000 5,200 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. . 12,000 14,000 4,600 Purchase returns and allowances received 1,900 Print Done