Foxboro Company experienced an accounting event that affected its balance sheet and income statement as indicated below: Assets = Liability + Equity + n/a + n/a Revenue n/a Expense = Net Income n/a n/a Which of the following accounting events could have caused these effects on Foxboro's statements? Multiple Choice Purchased raw materials inventory on account. Transferred cost from work in process to finished goods inventory. Recognized revenue from merchandise sold for cash. None of the above.