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

$$157,000$

$22,796$

$160,956$

$800$

$1,610$

$2,700$

$1,288$

$4,400$

Enter the summarized activities in the two T$-$accounts below.

Complete this question by entering your answers in the tabs below.

Merchandise

Cost of Goods

Inve'titory

Sold

Enter the summarized activities in the T$-$account below.

$\backslash$table$[[,$Merchandise Inventory,$],[,,]]$