Business Transaction 2 Lancashire Railway Co. (Lancashire) pays $10,000 of its federal and state taxes payable. Lancashire Railway Co.'s Pretransaction Statement of Financial Performance Indicate if any of the listed financial statement accounts is affected by the following business transactions and whether the listed ratios will increase, decrease, or remain unchanged as a result of the transaction. (Hint: Assume that the business transaction occurs exactly as stated without interpreting it further. Do not consider any related transactions that may occur before or after the specified transaction.) Business Transaction 1 Lancashire Railway Co. (Lancashire) sells 25,000 shares of new common stock (\$1 per share par value) to new and existing shareholders for $20 per share. Business Transaction 2 Lancashire Railway Co. (Lancashire) pays $10,000 of its federal and state taxes payable. Business Transaction 2 Lancashire Railway Co. (Lancashire) pays $10,000 of its federal and state taxes payable. Lancashire Railway Co.'s Pretransaction Statement of Financial Performance Indicate if any of the listed financial statement accounts is affected by the following business transactions and whether the listed ratios will increase, decrease, or remain unchanged as a result of the transaction. (Hint: Assume that the business transaction occurs exactly as stated without interpreting it further. Do not consider any related transactions that may occur before or after the specified transaction.) Business Transaction 1 Lancashire Railway Co. (Lancashire) sells 25,000 shares of new common stock (\$1 per share par value) to new and existing shareholders for $20 per share. Business Transaction 2 Lancashire Railway Co. (Lancashire) pays $10,000 of its federal and state taxes payable