A company started the year with a normal balance of $74,000 in the Inventory account During the year, debits totaling $48,000 and credits totaling $61,000 were posted to the Inventory account.

Which of the following statements about the Inventory account is correct.

After these amounts are posted, the balance in the Inventory account is a credit balance of $61,000 

The normal balance of the Inventory account is a credit balance 

The Inventory account is decreased by debits 

The debits and credits posted to the inventory account caused it to decrease.