A company purchased $20,000 of inventory during February and will pay for it during March. Which of the following statements is false assuming the inventory was sold during March?

A. The company's accounts payable will include the $20,000 on the February month-end balance sheet.

B. The statement of cash flows will report an operating cash outflow of $20,000 during March.

C. The income statement will report cost of goods sold of $20,000 during February.

D. The company's inventory will include the $20,000 on the February month-end balance sheet.