A company started the year with a normal balance of $85,000 in the Inventory account. During the year. debits totaling $53.500 and credits totaling $72.000 were posted to the Inventory account Which of the following statements about the Inventory account is correct? Multiple Choice The Inventory account is decreased by debits. The debits and credits posted to the inventory account caused it to decrease by 518,500 The normal balance of the inventory account is a credit balance After these amounts are posted the batance in the inventory account is a credit balance of 566,500