2). Middleton Company uses the perpetual inventory method. The company purchased an item of inventory for $150 and sold the item to a customer for $225. What effect will the sale have on the company's inventory account? A. The account will decrease by $225 B. The account will decrease by $150 C. The account will decrease by $75 D. No effect

3). Faust Company uses the perpetual inventory method. Faust sold goods that cost $2,800 for $4,100. If the sale was made on account, the net effect of the sale will: A. increase total assets by $2,800. B. increase total equity by $4,100. C. increase total assets by $1,300. D. increase total assets by $2,800..