6.2 Effects of transactions on selected balance sheet figures Total current Total current Working capital Current assets liabilities requirement ratio al Additional common stock is issued for cash b) Merchandise is sold, above cost , for cash d A piece of equipment is sold for more than book value a Payment is made to trade creditors for previous purchases Jel A cash dividend is declared and paid previous purchases Id A cash dividend is declared and paid HA stock dividend is declared and paid g Cash is obtained through long term hank loan h A profitable finn increases the accumulated depreciation account for property plant and equipment il Current operating experises arc paid Total current Total current Working capital Current assets liabilities requirement ratio li Ten-year notes arc issued to pay off accounts payable k Accounts recivable are collected 1 Equipment is purchasel with short term notes Total current Total current Working capital Currem assets liabilities requirernient ratio i Ten-ycar notus are issued to pay off accounts payable kl Accounts receivable are collected 1 Equipment is purchased with short term notes ml Merchandise is purchased on |n| Taxes payable are increased lol Marketable securities are sold below cost Required Indicate the effects of the previous transactions on each of the following: total current assets, total current liabilities, working capital requirement, and current ratio. Use + to indicate an increase, to indicate a decrease. and 0 to indicate no effect. Assume an initial current ratio is greater than