Corporation? Cash Sales Revenue Cost of Goods Sold Inventory 200,000 following set of journal entries made by Alpha 200,000 150,000 150,000 Alpha sold $200,000 of inventory and purchased $150,000 of inventory. Alpha sold inventory with a cost of $150,000 to customers for $200,000. c. Alpha's income statement will show a $50,000 net loss after these transactions. d. None of the above are correct