Craig Ferguson Company had the following account balances at year$-$end: cost of goods sold $$70,000$; inventory $$17,300$ : operating

expenses $$33,000$; sales revenue $$121,000$; sales discounts $$1,400$; and sales returns and allowances $$1,950.$ A physical count of

inventory determines that merchandise inventory on hand is $$16,250.$ Assume that the physical count of inventory indicated that inventory on hand is $$17,800($the account still shows a balance of $$17,300$ due to errors made during the year. prepare the adjusting entry necessary as a result of the physical count