4. During fiscal 2013, Shoe Productions recorded inventory purchases on credit of $537.8 million. The financial statement effect of these purchase transactions would be to: A) Increase liabilities (Accounts payable) by $537.8 million B) Decrease cash by $537.8 million C) Increase expenses (Cost of goods sold) by $537.8 million D) Decrease noncash assets (Inventory) by $537.8 million E) Both A and D