Which of the following statements is true? A. Operating expenses are not directly associated with specific goods and services. B. The total claims of the owners plus the claims of the creditors equal the net assets of the entity C. Drawings refer to the portion of the profit earned that has been taken by the owner for business use. D. Expenses result from the depletion of liabilities. The information which follows was obtained from the accounting records of Vista Traders on 28 February 2023 the end of the accounting period: Purchases R1 160000 ; Purchases returns R80 000; Carriage on purchases R60 000; Carriage on sales R12 000; Inventory on 28 February 2022 R300 000 Inventory on 28 February 2023 R240 000. Which of the following represents the cost of goods available for sale for the year ended 28 February 2023? A. R1 452000 B. R1 440,000 C. R1 200000 D. R1 520000