Scissor Inc is a 100% owned subsidiary of Paper Corporati on, For the year ending vecember 31,2023 , Scissors sold $400,000 in inventory to Paper Corporation. Sassors earned a gross profit of 30% on all its sales. At the end of the year, Paper still hol ds 20% of the imventory. What adjustments must be made in the December 31,2023 consolidated financial statements? Sales would decrease by $400,000, inventory would decrease by $80,000, and cost of sales would decrease by $480,000. Sales would decrease by $80,000, inventory would increase by $24,000, and cost of sal es would decrease by $104,000. Sales would decrease by $400,000, inventory would decrease by $24,000, and cost of cales would de crease by $376,000. \$ales would increase by $400,000, inventory would decrease by $24,000, and cost of sales would increase by $376,000