EliteBikes uses the periodic inventory method and has asked you to complete the journal entry for the sale inventory which cost $9,000 on credit to a major customer at a discounted price of $16,000. Complete all rows in the journal and if it is not required select "No transaction" and in the amount columns put "0". Inventory Purchases Purchase Returns Sales Sales Returns Cost of Goods Sold Accounts Payable Accounts Receivable Discount Revenue No transaction $9,000 $ 16,000 $ 18,000 $ 0 $ 24,000 $ 42,000 $ 21,000