Willow Hill Company purchases merchandise inventory for $13,200 that it then sells on credit at a sales price of $19,800. The amount of cash collected is only $19,500 due to sales discounts, returns, and other adjustments to the selling price. What is the net effect of completing this cycle? An increase of $6,600 in both assets and equity An increase of $6,600 in assets An increase of $6,300 in assets only An increase of $6,300 in both assets and equity