In January $2024,$ Summit Department Store sells a gift card for $$90$ and receives cash. In February $2024,$ the customer comes back and spends $$60$ of the gift card to purchase a water bottle. What is the financial statement effect of the customer's purchase of the water bottle in February?

Multiple Choice

Increase assets by $$30,$ decrease liabilities by $$90,$ and increase stockholders' equity by $$60$

Decrease liabilities by $$60$ and increase stockholders' equity by $$60$

Increase assets by $$60$ and increase stockholders' equity by $$60$

Increase assets by $$30,$ decrease liabilities by $$60,$ and increase stockholders equity by $$90$