Which two of these statements are true regarding tracking inventory in quickbooks online?

Which 2 of these statements are true regarding tracking inventory in QuickBooks Online? Recording the purchase of an inventory item increases the Inventory Asset account on your Balance Sheet report by the cost of the item and increases the Quantity on Hand units for that item The difference between the sales price and the cost in the item setup is the net profit on that item Recording the sale of an inventory item decreases the Inventory Asset account by the selling price of the item and decreases the Quantity on Hand units for that item Recording the purchase of an inventory item increases the Inventory Asset account on your Balance Sheet report by the selling price of the item and increases the Quantity on Hand units for that item Recording the sale of an inventory item decreases the Inventory Asset account by the original cost of the item and decreases the Quantity on Hand units for that item