To provide a consistent frame of reference for the compary's Finanoal statements ard ratios, assunse that the rollowivg balance aheat and income statement rehect the compahy's pretrahisaction condicion and performance Fresne Fumiture Manuracturing Inc. (FFM) sells $165,000 of merchandise on oredit 1 Cost of goods sold equals 40% of sales. Interest expense equals 6% of the combined notes payable and long-term debt bedances. The everage federal and state tex rate is 35%. Indicate ir any of the listed ninancial statement accounts is alfected by the following business transactions and whether the listed ratios wia inerease, decrease, or remain unchanged as a result of the transaction. (Hint: Assume that the business transaction occurs exadly as stated without Interpreting it further. Do not consider any related transadions that may ocour before or anter the specined transaction. Assume there ane 365 days in e yeat.) Business Transection 1 Fresno Fumiture Manufacturing Inc. (FFM) sels $165,000 of merchandise on credr. Business Transaction 2 Freno furnilure Manufacturing Inc. (TTM) switche from fiolding an available inventory to a just-in-time inventary system, Uhereby reduong its inventory by BD.00%. Business Transaction 2 Fresno furniture Manufacturing Inc. (FFM) switches from holding an available inventory to a just-in-time inveritory system, thereby reducing its inventory by 80.00%