Middleton Company uses the perpetual inventory system. The company purchased an item of inventory for $130 and sold the item to a customer for $200. How will the sale affect the company's Inventory account?
A. The Inventory account will decrease by $200.
B. The Inventory account will decrease by $70.
C. The Inventory account will not change.
D. The Inventory account will decrease by $130.
Answer: D
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