Presented below is selected information related to Blossom Company for the year ended January 31, 2022. Ending inventory per Insurance expense $12,640 perpetual records $22,020 Rent expense 24,340 Ending inventory actually Salaries and wages expense 56,340 on hand 21,520 Sales discounts 11,090 Cost of goods sold 219,930 Sales returns and allowances 14,910 Freight-out 7,470 Sales revenue 409,960 (a) Prepare the necessary adjusting entry for inventory. (Credit account titles are automatically indented when amount is entered. D