(4 13) At the end of fiscal 2018, Nick's Greenhouse counted inventory and determined that inventories of $57,160 were on hand. The 2018 unadjusted trial balance showed a balance in the inventory account of $60,000. Inventory at the start of the year was $68,880. Which of the following accounting adjustments should Nick's Greenhouse record? Income Statement Balance Sheet Liabil Cash Noncash Transaction Asset Assets + Contrib. Earned + Net + Rev- Expen- enues ses ities Capital Capital Income -2,840 -2,840 A) +2,840 (Inventory) = -2,840 (COGS) (Retained earnings) -8,880 -8,880 B) +8,880 (Inventory) =-8,880 (Retained earnings) (COGS) -11,720 -11,720 C) (Inventory) (Retained earnings) +11,720 =-11,720 (COGS) D) No accounting adjustment is required. B c OD