Seemore Lens Company (SLC) sells contact lenses FOB destination. For the year ended December 31, the company reported Inventory of $79,000 and Cost of Goods Sold of $438,000. Included in Inventory (and Accounts Payable) are $11, 800 of lenses held on consignment. Included in the Inventory balance are $5, 900 of office supplies held in SLC's warehouse. Excluded from the Inventory balance are $8, 900 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 $16, 800. Included in the Inventory balance are $3, 450 of lenses that were damaged in December and will be scrapped in January, with no recoverable value. Required: Prepare the table showing the balances presently reported for Inventory and Cost of Goods Sold, and then displaying the adjustment(s) needed to correctly account for each of items (a)- (d), and finally determining the appropriate Inventory and Cost of Goods Sold balances. (Enter any decreases to account balances with a minus sign.)