The folowing supplementary records summarze Tesla Company's merchandising activities for year 2016 (it uses a perpetual inventory system) $ 196,000 25,000 192,500 B00 Cost of merchandise sold to customers in sales transactions Merchandise inventory, December 31, 2015 Invoice cost of merchandise purchases, gross amount Shrinkage datermined on December 31, 2016 Cost of transportation-in Cost of merchandise returned by customers and restored to inventory Purchase discounts received Purchase returns and allowances 2 900 2 100 1.700 4 000 Record the summarized activities in the T-accounts below Merchandise Inventory Cost of Goods Sold