In January 2024, Summit Department Store sells a gift card for $55 and receives cash. In February 2024, the customer comes back and spends $25 of the gift card to purchase a water bottle. What is the financial statement effect of the sale of the gift card in January? Multiple Choice Increase assets by $55 and increase stockholders' equity by $55 Increase assets by $25, decrease liabilities by $30, and increase stockholders' equity by $55 Increase assets by $55 and increase liabilities by $55 Increase assets by $25, increase liabilities by $55, and decrease stockholders' equity by $30