How would a sale of $320 of inventory on credit affect the balance sheet if the cost of the inventory sold was $128 ? Select one: a. It would increase noncash assets by $320 and increase equity by $320 b. It would decrease noncash assets by $128 and decrease equity by $128 c. It would increase cash by $320 and increase equity by $320 d. Both A and B, above happen simultaneously e. None of the above