When of merchandise is made on count the transaction en Cash increases and therefore, Stockholders' Equity O2 con decreases Stockholders' Equity increases Accounts Receivable Inc Sales and therefore, Stockholders Equity Sales and therefore, tocadors ouity decreases Accounts Payable QUESTION 28 West Inc, has beginning inventory of $80,000, purchases of $54,000, purchase discounts of $5.000, and ending inventory of $44,000. What is West's cow of goods sold? 1.580,000 2.585.000 O 3, S173,000 4.$44,000 QUESTION 29 What is the effect of the purchase of $36,000 of merchandise inventory on account on terms of 2/10, net 30, if the buyer expects to pay for the merchandise within the discount period? 1. Increase in Merchandise Inventory of $36.720 2. Increase in Merchandise Inventory of $35,280 3. Increase in Merchandise Inventory of $36,000. 4. None of these