Stark Enterprises sold products to customers for $30,000. The products originally cost $20,000. Stark did not record any journal entries related to the sale. Which of the following is true?

Group of answer choices:

 

None of the answers are correct.

 

Revenues will be overstated by $30,000.

 

Income will be overstated by $10,000.

 

Cost of goods sold will be overstated by $20,000.

 

Inventory will be overstated by $20,000.