Can you determine the effect of the following transactions on the identified financial statement components and ratios for a company. Code your answers as follows ;A: If the transaction results in an increase in the financial statement component or ratio B: If the transaction results in a decrease in the financial statement component or rati, C. If the transaction does not affect the financial statement component or ratio.......................................................... Transaction 1: A company sold inventory for an amount greater than its cost; Gross profit___________Current Assets _______Stockholders' equity__________ Transaction 2: Advertising expense was recorded but has yet to be paid for; Net income ____________Gross Profit_________ Stockholders equity__________