Question 14 Sunset Corporation began operations on January 1, 2020. During the year, the following transactions occurred: Jan 1, 20 Sunset's owners invested $60,000 cash into the company. Feb 24, 20 Sunset purchased $8,000 of inventory on open account. Mar 3, 20 Mar 16, 20 Sunset purchased another $5,000 of inventory from the same supplier, on account. The Company paid off all amounts owning to the supplier. Mar 20, 20 The Company sold goods for $12,000 to Sunshine Corporation on account. April 5, 20 Sunset pays its owners a dividend of $8,000. How should the transaction on Mar 20, 2020 be recorded? OOOO Increase Accounts Receivable $12,000, Decrease Cash $12,000 Increase Cash $12,000, Increase Revenue $12,000 Increase Accounts Receivable $12,000, Increase Revenue $12,000 Decrease Revenue $12,000, Increase Accounts Receivable $12,000