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points Save A You made an announcement on your personal Facebook page that your startup, ABC SWEETS Corp, is selling homemade cupcakes for $2 apiece.

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points Save A You made an announcement on your personal Facebook page that your startup, ABC SWEETS Corp, is selling homemade cupcakes for $2 apiece. Within one hour, 200 cupcakes were sold for cash and were picked up by nearby located family and friends. You used 5100 worth of inventory to make the 200 cupcakes What changes on the income Statement? Gross Sales - increase of $400, Ending Inventory - decrease of $100 Gross Sales - increase of $400, Product Development Expense - decrease of $100 Net Income - increase of $400 O Gross Sales - increase of $200, Ending Inventory - decrease of $100

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