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A clothing designer sold jackets costing $3000 on cash in July 2018. The designer was able to sell the jackets for 4000. What will the

A clothing designer sold jackets costing $3000 on cash in July 2018. The designer was able to sell the jackets for 4000. What will the sale transaction do to the asset, liability, and owners equity sides of the balance sheet? Please show the steps.

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