At Its Fiscal Year-End of June 30,Kendall Wholesale's General Ledger

At its fiscal year-end of June 30,Kendall Wholesale's general ledger shows the following selected account balances.Kendall Wholesale uses the perpetual inventory system.
$$\begin{array} { l r } \text { Merchandise Inventory } & \$ 60,000 \\\text { Sales } & 940,000 \\\text { Sales discounts } & 16,000 \\\text { Sales returns and allowances } & 8,000 \\& 456,000 \\\text { Cost of goods sold } &\end{array}$$
A physical count of its June 30 year-end inventory discloses that the cost of the merchandise inventory still available is $58,160.Prepare the entry to record any inventory shrinkage.