The physical count of Sunland Company inventory determined that inventory with a cost of $144500 was on hand at year-end. If the unadjusted balance in the Inventory account was $139200, the company will make the following adjusting entry:

Cost of Goods Sold5300
Inventory 5300

Inventory5300
Cost of Goods Sold 5300

Income Summary5300
Inventory 5300

No Entry
0