Selling inventory for cash results in which of the following? Assume the inventory is sold for more than it cost to produce. $($Select all that apply$)1)$ the transaction does not affect stockholders' equity $2)$ Decreases liabilities $3)$ The transaction does not affect net income $4)$ Decreases total assets $5)$ The transaction does not affect liabilities $6)$ Decreases stockholders' equity $7)$ Increases stockholders' equity $8)$ Increases liabilities $9)$ Increases net income $10)$ The transaction does not affect total assets $11)$ Decreases net income