Jayson Products uses a perpetual inventory system. At year-end, the Inventory account had a balance of $567,000, but a complete year-end physical inventory indicated goods on hand costing only $554,300. Jayson should: O Reduce the balance in its Inventory controlling account and inventory subsidiary ledger by $12,700. O Record a $12,700 current liability. O Reduce its cost of goods sold by $12,700. O Reduce the balance in the Inventory controlling account and record a current liability, both in the amount of $12,700