Consider the following events that have 20 taken place at a firm. For each one, indicate which item in the balance sheet 2 would be affected and by how much. 20 (40 points) 20 a. The firm used 5000 tl of its available cash and sold out goods from its inventory costing 5000 tl to repay 10000 tl of its long term debt. 20 b. The firm renewed its machines and this investment worths 1 million tl. It paid 100000 tl in cash, and for the remaining 900000 tl, it took a long-term 20 loan from the bank. c. The firm purchased raw material at a cost of 40000 tl. It made an agreement 20 to pay its debt in 60 days. d. The firm invented a product which is expected to increase its market share from 18 percent to 30 percent. 20 2