Presented below is information related to Sandhill Co., owned by D. Taylor, for the month of January 2024. Ending inventory per perpetual records $22,300 Rent expense $20,100 Ending inventory actually on hand 18,900 Salaries expense 55,400 Cost of goods sold 205,000 Sales discounts 10,300 Delivery expense 8,100 Sales returns and allowances 12,900 Insurance expense 13,100 Sales 378,000 Prepare the necessary adjusting entry for inventory. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.) Date Account Titles Debit Credit Jan. 31 select an account title to adjust ending invento