What is the effect of the following transactions on the DEBT 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 3 Bought a vehicle with a loan. First payment is due in two years. [Select) 4 Collected cash on a prior account receivable. Select ] 5 Issued 100 shares of stock in exchange for $2,000 cash