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Atlantic Compary sold some merchandise on account to Pacific Company, with shippire terms FOB Shipping Polnt. Attantic shipped the goods on December 28, 2020 and

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Atlantic Compary sold some merchandise on account to Pacific Company, with shippire terms FOB Shipping Polnt. Attantic shipped the goods on December 28, 2020 and Pacific recelved the goods on January 3,2021 . Which of the following statements is correct? Atiantic should include the goods in its imventory at Decernber 31,2020 Atiantic thould record sales revenue on January 3, 2021 Pacific shondd record a liability for the purchase on Janary 3. 2021. Pacific should include the goods in its imventoryat December 31, 2020

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