Sandhill Corp. signs a contract to purchase commodity goods for $150000 on December 1,2023 . By December 31,2023 the fair value of the goods is $133500 and the value does NOT recover prior to Sandhill taking delivery of the goods on January 31,2024 . Sandhill does NOT expect to recover these costs and has a December 31 year end. Which of the following entries needs to be made by Sandhill as of December 31,2023 ? dr. Loss on Purchase Contracts 16500 dr. Inventory 150000 No entry is required; the goods have not yet been received. dr. Liability for Onerous Contract 16500