On April 15, Teagues Co. (a calendar year end corporation) sells inventory for $10,000 cash. The inventory cost Teagues Co. $6,500. Teagues Co. uses a perpetual inventory system. Which of the following statements is true about the April 15 transaction? The transaction will increase the asset, inventory This transaction will increase retained earnings This transaction will decrease the asset, cash Total assets will remain unchanged as a result of this transaction