Sales transactions The following selected transactions were completed by Affordable Supplies Co., which sells supplies primarily to wholesalers and occasionally to retail customers. Jan. 6. Sold merchandise on account, $14,000, terms FOB shipping point, n/eom. The cost of merchandise sold was $8,400 8. Sold merchandise on account, $20,000, terms FOB destination, 1/10, n/30. The cost of merchandise sold was $14,000 16. Sold merchandise on account, $19,500, terms FOB shipping point, n/30. The cost of merchandise sold was $11,700. 18. Received check for amount due for sale on January 8. 19. Issued credit memorandum for $4,500 for merchandise returned from sale on January 16, The cost of the merchandise returned was $2,700 26. Received check for amount due for sale on January 16 less credit memorandum of January 19 31. Paid Cashell Delivery Service $3,000 for merchandise delivered during January to customers under shipping terms of FOB destination 31. Received check for amount due for sale of January 6 Indicate the effects of each transaction on the liquidity metric working capital and profitability metric gross profit percent. Enter amounts that decrease net income as negative values, Round percentage values to 1 decimal place. If no entry is required, select "No effect from the dropdown and leave the corresponding number entry box blank. Metric Effects Liquidity Profitability Transaction working capital Ability to Achieve Gross Profit Percent of 3090 40 %) 30 X %) Jan. 6 Increase 14,000X 20,000 X 19,500 X 20,000X 4,500>X 15,000 X Increase X Increase 40 16 18 19 26 31 31 Total Decrease X Decrease X No Effect Decrease X No Effect -40 X %) 3,000 15 X %) 14,000X 3,000 X