Widhorse Co, had the following account balances at year-end: Cost of Goods Sold $60,430, inventory $14,340, Operating Expenses $29,560, Sales Revenue $124,430,5ales Discounts $1,120, and $ ales Returns and Allowances $1,830. A physical count of inventory determines that merchandise inventory on hand is $13,050. (a) Prepare the adjusting entry nedessary as aresult of the physical count. (Credit account titles are dutomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) eTextbook and Media List of Accounts Attempts: 0 of 3 used Prepareclosing entries. (Credit account titles are automatically indented when amount is entered, Do not indent manually. If no entry is required, sefect "No Entry" for the account titles and enter 0 for the amounts.) (To close accounts with debit balances) (To close net income / (loss)) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used