Determine the effect of the following transactions on the financial statements components identified. 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 ratio. 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