On December 31, 2020 Best Al Yousifi sold a printer to Ahmad for 300 KWD. Ahmad paid the 100 KWD and promised to pay the remaining in the coming month and left the shop with his new laptop. Best Al Yousifi trusts Ahmad as he is a regular customer. Note that the cost of printer to Best Al Yousifi is 180 KWD. You are now analyzing 2020 year end financial reports of Best Al Yousifi. Which of the followings seems to be correct?

a. Printer sales to Ahmad should not have any effect on the Total Assets in 31-Dec- 2020 Balance Sheet of Best Al Yousifi.

b. There should be only 60 KWD addition to the COGS account in the 2020 Income Statement from the printer sales to Ahmad.

c. There should be only 100 KWD addition to the Total Revenue account in the 2020 Income Statement from the printer sales to Ahmad.

d. In the 2020 Income Statement, Total Revenue should include 100 KWD from the printer sales to Ahmad but COGS should include 180 KWD.

e. 120 KWD of the Net Income in the 2020 Income Statement should come from the printer sales to Ahmad.