Assume Windsor, Inc. uses the periodic inventory system and has a beginning inventory balance of $6600, purchases of $69000, and sales of $104000. Windsor closes its records once a year on December 31. In the accounting records, the inventory account would be expected to have a balance on December 31 prior to adjusting and closing entries that was O equal to $6600. O more than $6600. o less than $6600. indeterminate