QUESTION 14 Use the following information to answer the next two questions: On August 1, Nike, Inc. sold on account merchandise inventory with a list price of $8,500. Payment terms were 1/10, n/30. 2 days later the customer returned $1,000 of the inventory. On August 20, the customer paid their balance due for the goods purchased. How would the return of the merchandise be recorded under our horizontal statements model below Equity Net Inc. Assets 1,000 (990) (1,000) 990 Rev 1,000n/a (990) Exp Cash flow 1,0000A n/a nla 990 OA A) n/a n/a n/a n/a 1,000 1,000 (990) (990) n/a n/a n/a C) 1,000 (1,000) (1000) D) 990 The correct answer from above is Only input the letter