Wolverine World Wide, Inc., designs, markets, and licenses casual, industrial, performance outdoor, and athletic footwear and apparel under a variety of brand names, such as Hush Puppies, Wolverine, Merrell, Sperry, and Saucony, to a global market. The following transactions occurred during a recent year. Dollars are in millions.

a. Issued common stock to investors for $21.4 cash (example).
b. Purchased $1,626.6 of additional inventory on account.
c. Paid $40.1 on long-term debt principal and $3.7 in interest on the debt.
d. Sold $2,350.0 of products to customers on account.
e. Cost of the products sold was $1,426.6.
f. Paid cash dividends of $23.0 to shareholders.
g. Purchased for cash $32.4 in additional property, plant, and equipment.
h. Incurred $713.6 in selling expenses, paying three-fourths in cash and owing the rest on account.
i. Earned $0.50 of interest on investments, receiving 80 percent in cash.
j. Incurred $35.0 in interest expense to be paid at the beginning of next year.

Required:
For each of the transactions, complete the tabulation, indicating the effect (+ for increase and − for decrease) of each transaction. (Remember that A = L + SE; R − E = NI; and NI affects SE through Retained Earnings.) Write NE if there is no effect. The first transaction is provided as an example.

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Transaction (a) (example) Assets + 21.4 BALANCE SHEET Liabilities NE Stockholders' Equity + 21.4 INCOME STATEMENT Revenues Expenses Net Income NE NE NE