ABC SWEETS Corp produces 1,000 cupcakes and sells them for 51/cupcake. ABC SWEETS Corp. receives cash for 500 cupcakes and payment for me 500 cupcakes will not be received this week. COGS for the 1,000 cupcakes was $500. What changes on the Income Statement? O Gross sales - increase of $500, Ending inventory decrease of $500 Gross sales - increase of $1,000, Ending inwentary - decrease of $500 Gross sales - increase of $500, Ending inventory - decrease of $250 The Income Statement is not affected