Star Company recognizes sales revenue from selling inventory for $2000 cash Note that Star is only recording the sales revenue part of the transaction and not the cost of goods sold Stor uses the perpetual inventory system. Which of the following answers reflects the effect of the sales revence on the financial statements? Income Statement Balance Sheet Stockholders Liabilities + Equity 2,000 (2,000) n/a n/a (2.000) Assets A 2,000 3. (2.000) 2.000 D. (2.000) Expense n/a Revenue 2,000 2,000 2,000 nda Net Income 2.000 2,000 2,000 (2000) Statement of Cash Flows 2.000 O n/a 2.000 OA (2.000) ON 2.000 n/a 2,000 Multiple Choice Option Oon B erc