Meagan Enterprises reported the following information for the past year of operations:\ \ For each transaction, indicate whether the ratio will (I) increase, (D) decrease, or (N) have no effect.\ \ \ \ Transaction Free\ Cash Flow\ $400,000 Operating-Cash-Flow-to-\ Current Liabilities Ratio\ 1.1 times Operating-Cash-Flow-to-\ Capital Expenditures Ratio\ 5.0 times\ a. Recorded credit sales of $17,000 Answer\ Answer\ Answer\ b. Collected $6,000 owed from customers Answer\ Answer\ Answer\ c. Purchased $50,000 of equipment on long-term credit Answer\ Answer\ Answer\ d. Purchased $70,000 of equipment for cash Answer\ Answer\ Answer\ e. Paid $17,000 of wages with cash Answer\ Answer\ Answer\ f. Recorded utility bill of $14,750 that has not been paid