Requirement 2: Assume PC Mall sold inventory on account to eCOST.com on December 28, 2008, which was to be delivered January 3, 2009.

Requirement 2: Assume PC Mall sold inventory on account to eCOST.com on December 28, 2008, which was to be delivered January 3, 2009. The inventory cost PC Mall $25,000 and the selling price was $30,000. What amounts, if any, related to this transaction would be reported on PC Mall’s balance sheet and income statement in 2008? In 2009? (Select all that apply.)Balance sheet: $30,000 reported as accounts receivable (until collected) in 2009 Balance sheet: $30,000 reported as inventory in 2009 Income statement: no amounts related to this transaction in 2008 Income statement: $25,000 reported as sales revenue and $30,000 reported as cost of goods sold in 2008. Balance sheet: $25,000 reported as accounts receivable in 2008 Balance sheet: no amounts related to this transaction in 2008 Balance sheet: $25,000 reported as inventory in 2008 Income statement: $30,000 reported as sales revenue and $25,000 reported as cost of goods sold in 2009.

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