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To provide a consistent frame of reference for the company's financial statements and ratios, mehetetlen banca soet and income statement reflect the company's pretransaction condition and performance Presne Furniture Manufacturing Inc.'s Pretransaction statement of Financial Condition Cash $15,000 Recounts payable $20,000 Marble curities 10,000 vages payable 20.000 Accounts receivable 670,000 Tas payable 10,000 Inventory 500.000 Notes payable 50,000 Prepaid expenses 5.000 Total current abilities 100,000 Total current assets 1.000.000 Long-term dit 500,000 Total abilities 600,000 Grossplant and 1,500,000 Common stock 150,000 equipment Accumulated depreciation 500,000 Capital paid incess of 350,000 par Netplant and equipment 1,000,000 Retained carings 900,000 Total equity 1,400,000 Total assets $2,000,000 Total debt and couity $2,000,000 Manufacturing Inc.'s Pretransaction stat Financial Performance Sale $5.000.000 Les Cost of goods 2,000,000 pro 2,000,000 Operger 600.000 Operating (IT) 2.400.000 Lerest expense 33,000 Earnings before (EST) 2.367.000 Le Tax 328,450 $1,538.550 Cost of goods solde results of the combined notes payable and long term det blancm The average federal and state tax rates 359 Indicated any of the stad francial statement accounts is affected by the following business transactions and whether the stad ratios increase decrease, or remain unchanged as a result of the transaction (Hint: Assume that the business transaction course as stated without interpreting further. Do not consider any related transactions that may occur before or after the specified transaction) Business Transaction : premo Tumiture anachuring Inc (Pes 25,000 shares of new common stock (1 per separate and citing shareholders for 20 perre Rati's Behavior check the Accounts Affected by the Specified Transaction Financial Account operating income Long-term debit Cash Capital paid in excess of par Common stock Retained earnings DODO OD Randi Rat Dette have vertory Scarings Operating profitar Business Transaction 2 Fresno tuture tenuturing C (F) S510,000 of its federal and state tres payable Ratio Behavior Check if the Account Is Aflected by the Specified Transaction nancial Account Long-tambt Prepaid expenses Taxes payable Cash Net income DDODO Financial Rate Dette Tesinterest comed Average collection period on Operon profit margin Quidate