How would a sale of $200 of inventory on credit affect the Income Statement if the cost of the inventory sold was $80?

a) It would increase noncash assets by $200 and increase equity by $200

b) It would decrease noncash assets by $80 and decrease equity by $80

c) It would increase cash by $200 and increase equity by $200

d) Both revenues and expenses would increase

e) None of the above