Financial statement data of Trinton Supplies Ltd. include the following items: Cash $72,000 Accounts payable $123,000 Accounts receivable, net 105,000 Accrued liabilities 39,000 Inventories 139,000 Long-term liabilities 210,000 Prepaid expenses 7,400 Net income 114,000 Total assets 645,000 Number of common shares Short-term notes payable 51,000 outstanding 54,000 shares Required 1. Compute Trinton Supplies Ltd.'s current ratio, debt ratio, and earnings per share. 2. Compute each of the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately. a. Purchased merchandise of $ 53 comma 000 on account, debiting Inventory. b. Paid long-term liabilities, $ 44 comma 000. c. Declared, but did not pay, a $ 78 comma 000 cash dividend on common shares. d. Borrowed $ 50 comma 000 on a long-term note payable. e. Issued 10,000 common shares at the beginning of the year, receiving cash of $ 320 comma 000. f. Received cash on account, $ 39 comma 000. g. Paid short-term notes payable, $ 31 comma 000