Aberdeen Shoe Company's Merchandise Inventory account at year$-$end has a balance of $$91,820,$ but a physical count reveals that only $$90,450$ of inventory exists. The adjusting entry to record this $$1,370$ of inventory shrinkage is:

Multiple Choice

$\backslash$table$[[$Account Title,Debit,Credit$],[$Merchandise Inventory,$1,370,],[$Inventory Shrinkage Expense,,$1,370]]$

$\backslash$table$[[$Account Title,Debit,Credit$],[$Purchases Discounts,$1,370,],[$Cost of Goods Sold,,$1,370]]$

$\backslash$table$[[$Account Title,Debit,Credit$],[$Cost of Goods Sold,$1,370,],[$Merchandise Inventory,,$1,370]]$

$\backslash$table$[[$Account Title,Debit,Credit$],[$Inventory Shrinkage Expense,$1,370,],[$Cost of Goods Sold,,$1,370]]$

$\backslash$table$[[$Account Title,Debit,Credit$],[$Cost of Goods Sold,$90,450,],[$Merchandise Inventory,,$90,450]]$