The following summarizes Tesla's merchandising activities for the year. Cost of merchandise sold to customers Merchandise inventory, beginning year Cost of merchandise purchases, gross amount Shrinkage on merchandise as of year-end Cost of transportation-in for merchandise purchases Cost of merchandise returned by customers and restored to inventory Discounts received from suppliers on merchandise purchases Returns to and allowances from suppliers on merchandise purchases $ 196,000 25,000 192,500 see 2,900 2,100 1,700 4,000 Enter the summarized activities in the two T-accounts below. Merchandise Cost of Goods Inventory Sold Enter the summarized activities in the T-account below. Merchandise Inventory 0 Balance, beginning-year Balance, end-of-year Cost of merchandise purchases Cost of merchandise sold andise Inventory Cost of Goods Sold > Cost of merchandise sold Discounts received on merchandise Returns from customers Returns to and allowances on merchandis Shrinkage as of year-end Merchandise Inventory Balance, beginning-year 0 Balance, end-of-year andise Invent Cost of merchandise purchases Cost of merchandise sold Enter the summarized activities in the T-account below. Cost of Goods Sold 0 Cost of Goods Sold 0 Balance, beginning-year handise Inventory Cost of Balance, end-of-year Cost of merchandise purchases Cost of merchandise sold