In need of desperate help on these accounting questions. Please try to help me out, I greatly appreciate it!

12. Selling and administrative costs are product costs. TRUE 1 FALSE cost of good s ssuming that Omega paid for the merchandise during the discount period, the cost of good sold for this transaction wou 13 terms of 20T0any sold merchandise that it had purchased with a list price of $6,500 and subject to TRUE 14. TRUE FALSE The income statement is not affected by a purchase of merchandise. FALSE 15. A physi cal count of the inventory can reveal the amount of inventory shrinkage the company has experienced from employee theft and/or accounting errors. TRUE FALSE 16. The entry to record the amount of inventory shrinkage affects both the balance she the income statement. TRUE FALSE