QS $17-10($Algo$)$ Analyzing effect of transactions on current ratio LO P$3$

At Its prior year$-$end, VPN Company reported current assets of $$60,500$ and current llabilitles of $$55,200.$

Acqulred inventory for $$220$ cash.

Sold a long$-$term asset $($equipment$)$ for $$4,100$ cash.

Accrued wages payable of $$1,600.$

Determine how each of the above transactions would increase, decrease, or have no effect on total current assets, total

current Ilabilitles, and the current ratio.