Using a perpetual inventory system, how should a company record the sale of Inventory costing $500 for $1,170 on account? 500 500 1,170 1,170 1,170 1,170 1. Inventory Cost of Goods Sold Sales Revenue Accounts Receivable 2. Accounts Receivable Sales Revenue Cost of Goods Sold Inventory Inventory Gain Sales Revenue Accounts Receivable Sales Revenues Gain 500 500 500 670 1,170 1.170 500 670 Multiple Choice O O O O