How would a sale of $800 of inventory on credit affect the balance sheet if the cost of the inventory sold was $320 ? Select one: a. It would increase noncash assets by $800 and increase equity by $800 b. It would decrease noncash assets by $320 and decrease equity by $320 c. It would increase cash by $800 and increase equity by $800 d. Both A and B, above happen simultaneously e. None of the above