Exam #4 Review i 24 Part 1 of 2 27 points Saved Required Information [The following information applies to the questions displayed below.] Grandpa Clocks, Incorporated (GCI), is a retailer of wall, mantle, and grandfather clocks. Assume GCI sells a grandfather clock for $17,500 cash plus 6 percent sales tax. The clock had originally cost GCI $13,500. Assume GCI uses a perpetual inventory system. eBook 1. Indicate the effects of the amounts for the above transactions. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign.) Print References Assets = Liabilities = = + + Stockholders' Equity He