Blue Stock Inc, purchases inventory from Red Chip Inc. and receives a purchase discount by paying within the discount period. Which of the following represents how the payment transaction will be recorded by Blue Stock Inc.? Assume a perpetual inventory system. Select one: a. A decrease in accounts payable, an increase in cash and an increase in inventory b. An increase in accounts payable, a decrease in cash and a decrease in inventory c. An increase in accounts payable, a decrease in cash and an increase in inventory d. A decrease in accounts payable, a decrease in cash and a decrease in inventory