Question: Dee's bakery sold $ 1 0 , 0 0 0 worth of cakes on credit to a customer. The cost of goods sold for the

Dee's bakery sold $10,000 worth of cakes on credit to a customer. The cost of goods sold for the cakes was $6,000. Dee operates on an accrual basis. How does this transaction affect the income statement, the balance sheet, and the statement of cash flows?

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