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Ho Designs experienced the following events during Year 1 , its first year of operation: 1. Started the business when it acquired $67,000 cash from the issue of common stock. 2. Paid $28,000 cash to purchase inventory. 3. Sold inventory costing $17,000 for $33,000cash. 4. Physically counted inventory showing $10,900 inventory was on hand at the end of the accounting period. Required o. Determine the amount of the difference between book balance and the actual amount of inventory as determined by the physical count. Which of the following would be added to the inventory account for a merchandising business using the perpetual inventory system