the year-end adjustments, appears as follows: (Click the icon to view the preliminary income statement.) Nutritional has determined that the current replacement cost of ending merchandise inventory is $18,000. Cost is $20,000. Read the requirements. an entry, make sure to select "No entry required" in the first cell in the "Accounts" column and leave all other cells blank.) Requirements 1. Journalize the adjusting entry for merchandise inventory, if any is required. 2. Prepare a revised partial income statement to show how Nutritional Foods should report sales, cost of goods sold, and gross profit. Data table