Question 26 (5 points) The Orosco Company has 50 items in its inventory on June 6th that each cost $42 when purchased. When the Orosco Company sells 20 of these items on June 7th at a price of $75 each, which of the following is true? Total assets decrease by $840 Sales revenue is increased by $1,500 Total assets increase by $1,500 Inventory is decreased by $1,500