Hahn Flooring Company uses a perpetual inventory system. Journalize the December 31 adjusting entries based upon the following: a. The inventory accourt has a balance of $1,330,600, while physical inventory indicotes that $1,301,000 of merchandise is on hand. A 4 sume any shrinkage is a northal amount. If an amount box does not require an entry, leave it blank. b. Sales refunds and allowances of $235,160 and merchandise returns of $1,570 are estimated for the current year's sales. If an arnount box does not require an entry, leave it blank