8-6 Presented is information related to Taylor Memories, Inc., for the month of January 2006. Ending inventory per Insurance expense $12,000 perpetual records $21,600 Rent expense 20,000 Ending inventory actually Salary expense 61,000 on hand 21,000 Sales discounts 10,000 Cost of goods sold 208,000 Sales returns and allowances 13,000 Freight-out 7,000 Sales 350,000 Instructions (a) Prepare the necessary adjusting entry for inventory