If a company sells goods that cost $70,000 for $82,000, the firm will: reduce Finished-Goods Inventory by $70,000. reduce Finished-Goods Inventory by...

If a company sells goods that cost $70,000 for $82,000, the firm will: A.reduce Finished-Goods Inventory by $70,000. B.reduce Finished-Goods Inventory by $82,000. C.report sales revenue on the balance sheet of $82,000. D.reduce Cost of Goods Sold by $70,000. E.follow more than one of the above procedures.