Galaxy Company sold merchandise costing $3,600 for $6,200 cash. The merchandise was later returned by the customer for a refund. If the perpetual inventory method is used, what effect will the sales return have on the accounting equation? Multiple Choice Total assets and total stockholders' equity decrease by $2,600. Total assets and total stockholders' equity increase by $2,600. Total assets decrease by $6,200 and total stockholders' equity is decreased by $3,600 Total assets and total stockholders' equity decrease by $6,200.