Gump Supplies Has the Following Information An Inventory Count Taken at Year End Indicates That Inventory

Gump Supplies has the following information:
$\begin{array}{lr}\text { Beginning inventory } & \$ 39,000 \\\text { Inventory purchases } & 92,000 \\\text { Transportation-in } & 11,300\end{array}$

An inventory count taken at year end indicates that inventory with a cost of $56,000 is on hand as of December 31, 2017. Assume that inventory purchases and transportation-in are both reflected in the inventory account, which shows an ending balance of $59,000. Which of the following would be the best adjusting journal entry to make at the end of the period with respect to this information?
a.
$\begin{array}{lrr} \text { Inventory Loss } &3,000\\ \text { Inventory } &&3,000\\\end{array}$

b.
$\begin{array}{lrr} \text { Inventory } &3,000\\ \text {Inventory Gain } &&3,000\\\end{array}$

c.
$\begin{array}{lrr} \text { Inventory } &3,000\\ \text { Purchases} &&3,000\\\end{array}$

d.
$\begin{array}{lrr} \text { Cost of Goods Sold } &3,000\\ \text { Sales } &&3,000\\\end{array}$