Star Company recognizes sales revenue from selling inventory for $2,000 cash. Note that Star is only recording the sales revenue part of the transaction and not the cost of goods sold. Star uses the perpetual inventory system. Which of the following answers reflects the effect of the sales revenue on the financial statements? Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Stockholders Equity Revenue Expense = Net Income A. 2,000 2,000 2,000 n/a 2,000 2,000 Operating Activity B. (2,000) (2,000) 2,000 + 2,000 n/a C. 2,000 2,000 n/a 2,000 n/a 2,000 2,000 Operating Activity D. (2,000) n/a (2,000) n/a 2,000 (2,000) (2,000) Operating Activity