Required information [The following information opplies to the questions displayed below.] Grandpa Clocks, Incorporated (GCI), is a retailer of wail, mantle, and grandfather clocks. Assume GCI sells a grandfather clock for $11,000 cash plus 4 percent sales tax. The clock had originally cost GCl$7,000. Assume GCl uses a perpetual imventory system. Indicate the effects of the amounts for the above uransactions. (Enter any decreases to assets, liablities, or stockholders equity with a minus sign.)