At the end of 2024, a company's inventory account has a balance of $600,000 before any year-end adjustments. The company uses the perpetual inventory system. A physical count of its inventory shows that inventory costing $585,000 is on hand at December 31. Required: Prepare the year-end adjustment to adjust its inventory account to agree to the physical count's cost. Do not show decimals or cents in the numerical response. Date Account Debit Credit 12/31/24