Zenith Company's Merchandise Inventory account at year-end has a balance of $91,820, but a physical count reveals that only $90,450 of inventory exists. The adjusting entry to record this $1,370 of inventory shrinkage is: Multiple Choice / 1,370 Merchandise inventory Inventory shrinkage expense / 1,370 / - / C Purchases discounts Cost of goods sold / / / / ences SON / Cost of goods sold Merchandise inventory _ entory |1,3701 / N / Inventory shrinkage expense Cost of goods sold / 13 / / /