A business uses a perpetual inventory system. At year end, the accounting records shows an inventory balance of $95,000 and the physical count shows an inventory balance of 589,000, Cost of goods sold is $320,000. After you prepare the adjusting entry required when accounting records don't agree with the physical count, which statement is correct Select one: Merchandise Inventory is $89,000 and cost of Goods Sold is 5314,000 b. Merchandise Inventory is $9,000 and cost of Goods Sold is 5326,000 Merchandise Inventory is 595.000 and cost of Goods sold is $314,000 d. Merchandise Inventory is $89.000 and Cost of Goods Sold is 5320,000 e Merchandise Inventory is $95.000 and cast of Goods sold is 5326.000