! Required information (The following information applies to the questions displayed below.] Heines Clocks is a retailer of wall, mantle, and grandfather clocks and is located in the Empire Mall in Sioux Falls, South Dakota. Assume that a grandfather clock was sold for $19,500 cash plus 4 percent sales tax. The clock had originally cost Heines $15,500. Assume Heines uses a perpetual inventory system. 1. Indicate the effects of the amounts for the above transactions. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equity