You just sold $$100$ worth of inventory to a customer for $$150.$

Which of the following accurately describes the effect on the Income Statement?

A Revenue is credited $$150$ and Cost of Goods Sold is debited by $$100.$

Inventory is expensed for $$100$ and Cash income is recorded for $$50.$

Profit is credited $$50$ and inventory is debited $$100.$

Inventory is expensed for $$100$ and Cash income is recorded for $$150.$