Callie Corporation sells inventory for $$100,000,$ with $$30,000$ for cash and $$70,000$ on account. The cost of the inventory sold is $$60,000.$ Recording this transaction will include a

Multiple choice question.

debit to cost of goods sold for $$100,000$

debit to inventory for $$100,000$

debit to inventory for $$60,000$

debit to cost of goods sold for $$60,000$