B) a debit. C) zero. D) dependent on the circumstances. 33-36) Calculate: (a) net sales, (b) inventory shrinkage, (c) gross profit, and (d) net income from the following: Sales $ 2,000 Cost of Goods Sold (unadjusted) Merchandise Inventory Physical Inventory Count Operating Expenses $3,000 Sales Discount 50 1,400 1,350 300 Sales Returns and Allowances 80 Answer: a) b). c) d) 37) Katelyn Marie's Law Firm's unadjusted trial balance includes the following: Cash $4,200 Unearned Legal Fees Legal Fees Revenue 1,200 14,400 Using the above data, record the adjusting entry for $1,000 of the unearned legal fees earned