Faust Company uses the perpetual inventory system. Faust sold goods that cost $$5,800$ for $$9,600.$ The sale was made on account. What is the net effect of the sale on the company's financial statements? $($Consider the effects of both parts of this event.$)$

Multiple Choice

Increase total assets by $$3,800$

Increase total stockholders' equity by $$9,600$

Increase total assets by $$5,800$

Increase total assets by $$9,600$