What is the effect of the following transactions on the CURRENT RATIO? 1 Paid the monthly rent of $1,000. Select ] Decrease Increase No effect 2 Sold merchandise for $200 on credit. Cost of the sale is $120. [Select 1 3 Bought a vehicle with a loan. First payment is due in two years. [ Select] 4 4 Collected cash on a prior account receivable. [Select 1 5 Issued 100 shares of stock in exchange for $2,000 cash