Required Information [The following Information applies to the questions displayed below.] Grandpa Clocks, Incorporated (GCI), Is a retailer of wall, mantle, and grandfather clocks. Assume GCI sells a grandfather clock for $18,500 cash plus 4 percent sales tax. The clock had originally cost GCI $14,500. Assume GCI uses a perpetual Inventory system. 1. Indicate the effects of the amounts for the above transactions. (Enter any decreases to assets, llabilities, or stockholders equity with a minus sign.) Assets = Liabilities = = + Stockholders' Equity