If the physical count of inventory revealed $158,000 of inventory on hand and the inventory records reported $163,000, what would be the necessary adjusting entry to journalize inventory shrinkage?

a.debit Cost of Goods Sold for $5,000; credit Inventory for $5,000

b.debit Cost of Goods Sold for $163,000; credit Inventory for $158,000

c.debit Inventory for $5,000; credit Cost of Goods Sold for $5,000

d.debit Inventory for $158,000; credit Cost of Goods Sold for $158,000