January $2024,$ Summit Department Store sells a gift card for $$120$ and receives cash. In February $2024,$ the istomer comes back and spends $$90$ of the gift card to purchase a water bottle. What is the financial otement effect of the customer's purchase of the water bottle in February?

Multiple Choice

Increase assets by $$30,$ decrease liabilities by $$90,$ and increase stockholders' equity by $$120$

Increase assets by $$30,$ decrease liabilities by $$120,$ and increase stockholders' equity by $$90$

Decrease liabilities by $$90$ and increase stockholders' equity by $$90$

Increase assets by $$90$ and increase stockholders' equity by $$90$