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You are the new Controller for the Narduzzi Company. You joined the company in early 2022 and soon after your start date you discovered the following errors related to inventory accounting. The errors were discovered after the 2021 statements were issued. Narduzzi has a 12/31 year end date and uses the periodic inventory system Inventory at 12/31/20 year end was determined by physical count and was understated by $40,000 Inventory at 12/31/21 year end was determined by physical count and was overstated by $60,000 Inventory purchased and received in December 2021 in the amount of $33,000 was incorrectly recorded as a purchase in the amount of $3,000. The invoice has not yet been paid. The inventory was in the warehouse for the physical count. Required: Create a table like this one in the text box below and prepare the prior period adjustment journal entry that the Narduzzi Company will make at 1/1/22 to correct these errors. . Account Title Debit Credit