In January 2024, Summit Department \$tore sels a gif card for $55 and receives cash, in February 2024, the cuttomer cemes tack and spendt $25 of the gift card to purchase a water botte. What is the francial statement effect of the customers purchase of the water bottle in Fatirum? Muhiple Cheice Decrease lablities by $25 and increase shochholders equity by $25 Increave assets by $10, decrease labintes by $25, ond incteme stocheiaer eaviy by $55 increase asult by $30 decrease labitiet by $55, and increase stocknolders equefy by $75 increase anse6 ty $25 and increbse stncaholdes' equifr by 125