:tim jarosz company had the following account balances at year end: cost of good sold $60,000, inventory $15,000, operating expenses $29,000, sales revenue $115,000, sales discounts $1,200, and sales returns and allowances $1,700. a physical count of inventorydeterminesthat merchandiseinventoryon hand is $13,600. prepare the adjusting entry necessary as a result of the physical count. prepare closing entries