When the physical count of Waterway Company inventory had a cost of $$4360$ at year end and the unadjusted balance in Inventory was $$4670,$ Waterway will have to make the following entry:

Cost of Goods Sold

$310$

Inventory

$310$

Cost of Goods Sold

$4670$

Imventory

$4670$

Income Summary

$310$

Inventory

Imentory

$310$

Cost of Goods Sold

$310$