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Fox Toy Co. sold to its customers today, receiving $80,000 for toys with $35,000 cost (& book value). If Fox uses periodic system, what are

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Fox Toy Co. sold to its customers today, receiving $80,000 for toys with $35,000 cost (& book value). If Fox uses periodic system, what are the financial statement effects of this sale's entry? O A1 L: NE SE: NE NI: 1 CFS: NE O A: L: NE SE: NI: 1 CFS: 1 O AIL: NE SE: NE1 CFS: NE OA: 1 L:1 SE: NE NI: NE CFS: NE

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