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3 1.00 points Seamore Lens Company (SLCI sels contact lenses FOB destnation. For the year ended December 31, the company reperted Inventory of $90,000 and Cost of Goods Sold of $160,000. 8. Included in Inventory (and Accounte Payable) are $14,000 of lenees heid on consignment. b Included i he Inverilory balaeare 7,000 office supplies helu r SLC' wareuse. . uced fram the Invert ary balance are: 10.000 of lenses in the warehouse, ready to send to austomers an Jauary 1. SLC eportad thesa Insns as sd Dacembar 31, at a pri of $1 and. d. Included In the Invantory balence are S4,0U0 of lenses that were damaged in Decamber and wil be screpped in Jenuery, with no recovereble value. Required: Prepare lhe lable showing lhe balancee presernly reperled fer Inverilery and Cos! of Goods Sald, arnd len dispay rng the adjustrnerntis) eeded to arrectly accoun for eah of ilerns and finay deling the apprapriae Inventory and Cost of Gands S balanons. (Enter any decreases to account balances with a minus sign Inventory Cost of Goods Sold Preeent Dance Appropiete Balence Hints References Bok &Resources