Sissy Inc. is a 100% owned subsidiary of Papa Corporation. For the year ending December 31, 2023, Sissy sold $400,000 in inventory to Papa Corporation. Sissy earned a gross profit of 30% on all its sales. At the end of 2023, Papa still holds 20% of the inventory. Inventory turns over every 60 days. Ignoring the adjustment required to opening balances, what current year adjustments must be made in the December 31, 2024 consolidated financial statements? Question 8 options: Inventory would increase by $24,000, and cost of sales would decrease by $24,000. Sales would increase by $80,000. Inventory would increase by $24,000, and cost of sales would increase by $104,000 Sales would increase by $400,000. Inventory would increase by $24,000, and cost of sales would increase by $376,000 Inventory would decrease by $24,000, and cost of sales would increase by $24,000