Receivable 3,000 23. In preparing the end of the year balance sheet, the following would be included in the Current Asset category: A) Inventory - beginning of year B) Inventory - end of year C) Land D) Unearned Revenue 24. Financial information is presented below: Operating Expenses $ 45,000 Sales Returns and Allowances 9,000 Sales Discounts 6,000 Sales Revenue 160,000 Cost of Goods Sold 87,000 The amount of net sales on the income statement would be A) $145,000. B) $151,000. C) $154,000. D) $160,000