of the year was $99,880. At the end of the current fiscal year, Nick's Greenhouse counted inventory and determined that inventories of $87, 160 were on hand. At the end of the fiscal year, the unadjusted inventory account balance is $95,000. Inventory at the start Which of the following accounting adjustments should Nick's Greenhouse record? Select one: O a. Balance Sheet Income Statement Cash Asset + Noncash Assets = Liabilities + Contribapital + Earned Capital Revenues - Expenses = Net Income (12,720) = (12,720) 12,720 = (12,720) (Inventory) (RE) (COGS) O b. Balance Sheet Income Statement Cash Asset + Noncash Assets = Liabilities + Contribapital + Earned Capital Revenues - Expenses = Net Income (4,880) 4,880) 4,880 = (4,880) (Inventory) (RE) (COGS) c. No accounting adjustment is required. d. Balance Sheet Income Statement Cash Asset + Noncash Assets = Liabilities + Contribapital + Earned Capital Revenues - Expenses = Net Income (7,840) = (7,840) 7,840 = 7,840) (COGS) (Inventory) (RE)