XYZ Corp. is preparing its year end for December 31, 2016.An inventory count was performed correctly at December 31, 2016 and all entries were made to record the correct amount of inventory at Dec 31, 2016.It was just discovered that for the December 31, 2015 inventory count, $100,000 of inventory was counted twice.All December 31, 2016 year-end adjusting entries had been completed but not the 2016 income tax entries. XYZ Corp.'s 2015 books are closed and they have not released their 2016 financial statements. XYZ is subject to a tax rate of 15%.Prepare the December 31, 2016 adjusting journal entries