You are given the following information for Blossom Company for the month ended November 30, 2021: Date Units Unit Price $48 Nov. 1 55 Description Beginning inventory Purchase Sale 9 100 44 15 (115) 22 Purchase 145 42 29 Sale (150) 40 30 Purchase 41 Blossom Company uses a perpetual inventory system. All sales and purchases are on account. Calculate gross profit for November. Gross profit $ Assume that at the end of November, the company counted its inventory. There are 73 units on hand. What journal entry, if any, should the company make to record the shortage? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit (To record cost of goods sold.) If the company had not discovered this shortage, what would be overstated or understated on the balance sheet and income statement and by what amount? The sales on the balance sheet would be vby $ , as well as th The on the income statement would be by $ You are given the following information for Blossom Company for the month ended November 30, 2021: Date Units Unit Price $48 Nov. 1 55 Description Beginning inventory Purchase Sale 9 100 44 15 (115) 22 Purchase 145 42 29 Sale (150) 40 30 Purchase 41 Blossom Company uses a perpetual inventory system. All sales and purchases are on account. Calculate gross profit for November. Gross profit $ Assume that at the end of November, the company counted its inventory. There are 73 units on hand. What journal entry, if any, should the company make to record the shortage? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit (To record cost of goods sold.) If the company had not discovered this shortage, what would be overstated or understated on the balance sheet and income statement and by what amount? The sales on the balance sheet would be vby $ , as well as th The on the income statement would be by $