Grandpa Clocks, Incorporated (GCl), is a retailer of wall, mantle, and grandfather clocks. Assume GCl sells a grandfather clock for $19,000 cash plus 5 percent sales tax. The clock had originally cost GCl$15,000. Assume GCl uses a perpetual inventory system. 110-2 (Algo) Part 1 Indicate the effects of the amounts for the above transactions. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign.)