QUESTION 3 If the physical count of inventory revealed $158,000 of inventory on hand and the inventory records reported $163.000, what would be the necessary adjusting entry to record inventory shrinkage? a. debit Inventory, S5,000; credit Cost Goods Sold, 55,000 b. debit Cost of Goods Sold, $5,000; credit Inventory, $5,000 c. debit Inventory, 5158,000, credit Cost of Goods Sold, 5158,000 d. debit Cost of Goods Sold, S163,000; credit Inventory, S158,000