SavedWhich of the following represents the correct effect on the lncome Statement giventhe following transaction?

Transaction: Received inventory that was purchased on account.

(+) = Increase

(-) = Decrease

(NE) = No Effect

A. (NE) Revenues,(NE) Expenses,(NE) Net Income B. (+) Revenues, (+) Expenses, (NE) Net Income C. (NE) Revenues, (+) Expenses, (-) Net Income D. (-) Revenues, (-) Expenses, (-) Net Income