Burn's Heating Inc. has provided the following information for 2022: Sales revenues $100,000 Refund Liability 5,000 2,000 Estimated Inventory Returns Cost of goods sold 40,000 Rent expense 15,000 10,000 Salaries expense Select one: 0 27.8% O 44.4% 60.0% O 55.6% When a company uses the perpetual inventory system, the Select one: acquisition of merchandise requires a debit to Purchases Inventory account is debited when inventory is purchased. sale of inventory requires a credit to Cost of Goods Sold. Inventory account balance does not change until the end of the year. Burn's Heating Inc. has provided the following information for 2022: Sales revenues $100,000 Refund Liability 5,000 2,000 Estimated Inventory Returns Cost of goods sold 40,000 Rent expense 15,000 10,000 Salaries expense Select one: 0 27.8% O 44.4% 60.0% O 55.6% When a company uses the perpetual inventory system, the Select one: acquisition of merchandise requires a debit to Purchases Inventory account is debited when inventory is purchased. sale of inventory requires a credit to Cost of Goods Sold. Inventory account balance does not change until the end of the year