For the year ending December 31, 2023, Sissy Inc.sold $400,000 in inventory to Papa Corporation. Sissy earned a gross profit of 30% on all its sales. At the end of 2023, Papa still holds 20% of the inventory. Inventory turns over every 60 days. Sissy Inc. is a 100% owned subsidiary of Papa Corporation. Ignoring the adjustment required to opening balances, what current year adjustments must be made in the December 31, 2024 consolidated financial statements? Question 8 options: Inventory would increase by $24,000, and cost of sales would decrease by $24,000. Inventory would decrease by $24,000, and cost of sales would increase by $24,000. Sales would increase by $80,000. Inventory would increase by $24,000, and cost of sales would increase by $104,000 Sales would increase by $400,000. Inventory would increase by $24,000, and cost of sales would increase by $376,000