At the end of $2020,$ the Atlanta Hawks determined $$800$ of inventory had been

stolen by shoplifters. Which of the following correctly describes how the income

statement will be affected?

Cost of Goods Sold for $2020$ will be increased by $$800$

Sales revenue for $2020$ will be decreased by $$800$

Sales revenue for $2020$ will be increased by $$800$

Net income for $2020$ will be not be affected