ents Students Home dh 3 Homework + X G https:/ ml omework Ho Designs experienced the following events during 2018, ts first year of operation: 1. Started the business when t ocqured $70.000 cash from the issue of common stock 2 Paid $41000 cash to purchase inventory 3. Sold inventory costing $37,500 for $56,200 cash Physically counted inventory showing $3.200 inventory wes on hand at the end of the accounting period Required s. Determine the amount of the difference between book balance and the actusl emount of inventory as determined by the physical 5 S12.000 Prev 5of9 Nex