Question: need help solving please CB Corporation had beginning inventory for the year of $40,000, purchased inventory during the year in the amount of $180,000, and

need help solving please need help solving please CB Corporation had beginning inventory for the year

CB Corporation had beginning inventory for the year of $40,000, purchased inventory during the year in the amount of $180,000, and sold $200,000 of inventory during the year. If CB Corporation uses the periodic inventory system which of the following journal entries is required at the end of the year to update the inventory account

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