Many Companies Have to Monitor Some of Their Financial Statement

Many companies have to monitor some of their financial statement ratios,such as the current ratio,due to debt covenants.Selected transactions are provided below for a company that uses a perpetual inventory system;sells its merchandise at a selling price that exceeds cost;and had a current ratio of 1.85 before the event occurred. $\begin{array}{|l|l|l|}\hline & \text { Impact on } & \text { Impact on } \\\hline & \text { Working Capital } & \text { Current Ratio } \\\hline \text { Description of Transaction } & (+) \text { or }(-) \text { or }(0)& (+) \text { or }(-) \text { or }(0) \\\hline \text { 1. Collected accounts receivable } & \\\hline \text { 2. Declared a stock dividend } & \\\hline \text { 3. Issued common stock for cash } & \\\hline \text { 4. Paid advertising cost } & \\\hline \text { 5. Paid cash for a patent } & \\\hline \text { 6. Paid previously declared cash dividend } & \\\hline \text { 7. Paid sales commissions } & \\\hline \text { 8. Paid the balance on an account payable } & \\\hline \text { 9. Purchased a building by issuing a long. } & \\\hline \text { term note } & \\\hline \text { 10. Purchased inventory on account } & \\\hline \text { 11. Purchased current marketable securities for } & \\\text { cash } & \\\hline \text { 12. Recorded depreciation expense } & \\\hline \text { 13. Sold land for cash } & \\\hline \text { 14. Sold merchandise for cash } & \\\hline \text { 15. Sold merchandise on account } & \\\hline\end{array}$ Required:
In the above table,indicate whether each transaction would increase (+),decrease (-),or not affect (0)the company's working capital and the current ratio.