During 2020, Huntley Corp. purchased $20,000 of inventory on account from its supplier. Huntley plans to pay the supplier during 2021. How will this transaction affect Huntley's 2020 financial statements? O increase accounts receivable, increase inventory O increase cash, increase cost of goods sold O decrease cash, increase cost of goods sold O increase accounts payable, increase cost of goods sold O increase accounts payable, increase inventory During 2020, Moss Corp. made $150,000 in cash payments to employees for wages. In which section of the statement of cash flows will this cash flow appear? O Operating Section O Investing Section O Financing