Celestin Manufacturing Company incurred $12,000 of depreciation on its manufacturing equipment during its first year of operation. During this year the company made 6,000 units of product and sold 2,700 units of product. Based on this information alone the company would show

show Multiple Choice $12,000 of depreciation expense on its income statement. $5,400 of cost of goods sold expense on its income statement. $12,000 of inventory on its balance sheet. $5,400 of inventory on its balance sheet