Sunset Corporation began operations on January 1, 2020. During the year, the following transactions occurred Sunset's owners invested $60,000 cash into the company. Jan 1, 20 Feb 24, 20 Sunset purchased $8,000 of inventory on open account Mar 3, 20 Mar 16, 20 Mar 20, 20 April 5, 20 Sunset purchased another $5,000 of inventory from the same supplier, on account. The Company paid off all amounts owning to the supplier The Company sold goods for $12,000 to Sunshine Corporation on account Sunset pays its owners a dividend of $8,000. How should the transaction on Mar 16, 2020 be recorded? O Decrease Cash $8,000, Increase Accounts Payable $8,000 O Increase Accounts Payable $8,000, Decrease Inventory $8,000 O Decrease Accounts Payable $13,000, Decrease Cash $13,000 O Increase Inventory $13,000, Decrease Accounts Payable $13,000 Sunset Corporation began operations on January 1, 2020. During the year, the following transactions occurred Jan 1, 20 Sunset's owners invested $60,000 cash into the company Feb 24, 20 Sunset purchased $8,000 of inventory on open account Mar 3, 20 Mar 16, 20 Sunset purchased another $5,000 of inventory from the same supplier, on account The Company paid off all amounts owning to the supplier Mar 20, 20 The Company sold goods for $12,000 to Sunshine Corporation on account April 5, 20 Sunset pays its owners a dividend of $8,000. How should the transaction on Mar 20, 2020 be recorded? O Increase Accounts Receivable $12,000, Increase Revenue $12,000 O Decrease Revenue $12,000, Increase Accounts Receivable $12,000 O Increase Accounts Receivable $12,000, Decrease Cash $12,000 O Increase Cash $12,000, Increase Revenue $12,000 Moving to another question will save this response