Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below) Nixit Company's ledger on July 31. its fiscal year-end. Includes the following selected accounts that have normal balances (Nix'it uses the perpetual inventory system) Merchandise Inventory Retained earnings Dividends Sales Sales discounts $ 38,300 Sales returns and allowances 127,300 Cost of goods sold 7,000 Depreciation expense 159,800 salaries expense 3.100 Miscellaneous expenses $6,300 105, 10,500 33,500 5.000 A physical court of its July 31 year-end inventory discloses that the cost of the merchandise inventory still available is 537550 QS 4-9 Accounting for shrinkage-perpetual system LO P3 Prepare the entry to record any inventory shrinkage