Seemore Lens Company (SLC) manufactures and sells contact lenses. For the year ended December 31, the company reported Inventory of $71,000 and Cost of Goods Sold of $422,000. a. Included in Inventory (and Accounts Payable) are $10,200 of lenses held on consignment. b. Included in the Inventory balance are $5,100 of office supplies held in SLCs warehouse. c. Excluded from the Inventory balance are $8,100 of lenses in the warehouse, ready to send to customers on January 1. SLC reported these lenses as sold on December 31, at a price of $15,200. d. Included in the Inventory balance are $3,050 of lenses that were damaged in December and will be scrapped in January, with no recoverable value. Required: For each item, (ad), prepare the journal entry to correct the balances presently reported.