monthly financisl statements CH is pecpering financial statements at 930 . The inventory cost at September 30 is 51,200 . Because the Red Sox are in the World Series, CFI delermines that the Net Realirable Valae is $2,000 What is the effect on net inceme for this trancacbon? Note: if the event would NOT cause recognation of revenue or expense thes sclect A: No eflect on net incorne. A. No effect on net income B. Decrease net income C. Increase not income