Tetra Company purchased 2,000 units of inventory that cost $4.00 each on January 1 of Year 1. An additional 3,000 units of inventory were purchased on January 12 of Year 1 at a cost of $4.20 each. Tetra Company sold 4000 units of inventory on January 20 of year 1. Assuming that Tetra Co. uses the perpetual inventory method and a FIFO cost flow method, how would the entry to recognize the cost of goods sold affect the financial statements?