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Using a perpetual inventory system, how should a company record the sale of inventory costing $$560$ for $$1,020$ on account?

$\backslash$table$[[\backslash$table$[[$Event$],[1.]],$Account Title,Debit,Credit$],[$Inventory$,560,],[$Cost of Goods Sold,,$560],[$Sales Revenue,$1,020,],[$Accounts Receivable,,$1,020],[2.,$Accounts Receivable,$1,020,],[$Sales Revenue,,$1,020],[$Cost of Goods Sold,$560,],[$Inventory$,,560],[3.,$Inventory,$560,],[$Gain$,460,],[$Sales Revenue,,$1,020],[4.,$Accounts Receivable,$1,020,],[$Sales Revenues,,$560],[$Gain$,,460]]$

Multiple Choice

Option $1$

Option $2$

Option $3$

Option $4$