7 Seemore Lens Company (SLC) sells contact lenses FOB destination. For the year that ended December 31, the company reported Inventory of $89,000 and Cost of Goods Sold of $458.000. a. Included in Inventory (and Accounts Payable) are $13,800 of lenses held on consignment b. Included in the Inventory balance are $6,900 of office supplies held in SLC's warehouse. c. Excluded from the Inventory balance are $9,900 of lenses in the warehouse that are ready to send to customers on January 1 On December 31, SLC reported these lenses as sold at a price of $18.800 d. Included in the Inventory balance are $3,950 of lenses that were damaged in December and will be scrapped in January, with no recoverable value. Ferences Required: Prepare the table showing the balances presently reported for Inventory and cost of Goods Sold, and then displaying the adjustment(s) needed to correctly account for each of items (ac), and finally determining the appropriate Inventory and cost of Goods Sold balances (Enter any decreases to account balances with a minus sign) Inventory Cost of Goods Sold Present Balance a. b C. d. Appropriate Balance $ 0 ols