The following amounts summarize Transeer Company's merchandising activities during 2020. Post the activities in the following T- accounts and calculate the account balances. Assume that the company uses perpetual inventory system. Cost of merchandise sold to customers in sales transactions Merchandise inventory balance, Dec. 31, 2019 Invoice cost of merchandise purchases Shrinkage determined on Dec. 31, 2020 Cost of transportation-in Cost of merchandise returned by customers and restored to inventory Purchase discounts received Purchase returns and allowances received $177,000 33,500 183,000 29,500 1,750 2,050 1,450 3,800 Dec. 31, 2019 Merchandise Inventory End. Bal. $ 0