Indicate the effects of the transactions listed in the following table on Total Current Assets, Current Ratio, Net income and Cash Flow. Use (+) to indicate an increase, (-) to indicate a decrease, and (0) to indicate either no effect or an indeterminate effect. Assume an initial current ratio of more than 1. Total Current Assets Current Ratio Transaction Effect on Net income Impact on Cash Flow 1) Cash is acquired through issuance of additional common stock Merchandise is sold for cash A fixed asset is sold for less than the book value A fixed asset is sold for more than the book value Merchandise is sold on credit Payment is made to trade creditors for previous purchases A cash dividend is declared and paid Short term notes receivable are sold at a discount Marketable security is sold below cost 7) 8) 9) 10) 11) Current operating expenses are paid Short term promissory notes are issued to trade creditors in exchange forpast due accounts payable 12) 10-years notes are issued to pay off accounts payable A fully depreciated asset is retired 13) 14) Accounts receivable are collected 15) Equipment is purchased with short term notes 16) Merchandise is purchased on credit