Knowledge Check 01 On December 15, Reynolds Inc. ships goods on consignment to Manella Inc., who receives the goods on December 20. Manella sells the goods to a customer on January 5 of the following year. Both companies have December 31 year-ends. Which of the following statements is correct? Multiple Choice Reynolds will record the sale on December 15. Reynolds will include the goods in its December 31 inventory Manella will include the goods in its December 31 inventory Manella will record the purchase on December 15