Q28. (Liquidity Ratios with transaction effects): The X.Y. Company Ltd. completed the following trans- action during the year: 1. Sold on account inventory costing Rs. 36,000 for Rs. 32,500. 2. Issued additional shares of capital for Rs. 250,000 cash. 3. Sold temporary investment costing Rs. 40,000 for Rs. 50,000. 4. Acquired temporary investments for Rs. 100,000 cash. 5. Wrote off uncollectible accounts Rs. 9,000. 6. Declared a cash dividend Rs. 125,000. 7. Declared a 8% Stock Dividend. 8. Sold on account inventory costing Rs. 37,500 for Rs. 45,000. 9. Paid accounts payable Rs. 75,000. ROSS 10.Borrowed cash from a bank by issuing a long-term note Rs. 150,000