Tracy Wynn and Lee Spitz operate New England Engraving in Portsmouth, New Hampshire. The partners split profits and losses equally, and each takes an annual salary of $80,000. To even out the workload, Spitz does the buying and Wynn serves as the accountant. From time to time, they use small amounts of store merchandise for personal use. In preparing for her daughter's wedding, Wynn took engraved invitations and other goods that cost $2.700. She recorded the transaction as follows: Cost of Goods Sold. ...... 2.700 Inventory..... 2,700 1. How should Wynn have recorded this transaction? 2. Discuss the ethical dimensions of Wynn's action.