Extra credit 1 (5 points) Ace Bonding Company purchased inventory on account. The inventory costs $2,000 and is expected to sell for $3,000. How should Ace record the purchase using a periodic inventory system? A. Purchases 2,000 Accounts Payable 2,000 B. Cost of Goods Sold 2.000 2,000 1,000 Deferred Revenue Sales Revenue 3,000 C. Cost of Goods Sold 2,000 Accounts Payable 2,000 D. Cost of Goods Sold 2,000 1,000 Gain Accounts Payable 3,000 A. Option A B. Option B C. Option C D. Option D