The beginning inventory of Eastern Wholesalers was $$113,000,$ and the ending inventory is $$95,319.$

What entries are needed at the end of the fiscal period to adjust Merchandise Inventory?

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,\backslash$table$[[$December $31,],[20$X$1]],$Income summary,$113,000,],[,,$Merchandise inventory,,$113,000],[,,,95,319,],[,\backslash$table$[[$December $31,],[201$