PROBLEM #4- Consider the following transactions and indicate FOR EACH TRANSACTION the impact (increase, decrease, or no change) on the working capital, current and acid test ratios. Presume working capital and the current and acid test ratios were all positive before these transactions. 1. Issued additional shares of common stock for cash, $500,000 2. Sold inventory costing $50,000 for $100,000, on account. 3. Write off uncollectible accounts in the amount of $20,000, reducing the accounts receivable balance accordingly. There was no allowance previously set up for uncollectible accounts. 4. Declared a cash dividend, $50,000 Edit View Insert Format Tools Table