Alex's Interiors, Inc. is an international manufacturer and retailer of home furnishings. The following is from Alex's balance sheet as of September 30, 2020 (dollars are in millions) Cash $98.00 Accounts Payable $ 35.00 Accounts Receivable 21.00 ages and Other Expenses Payable 138.00 Inventories 215.00 Notes Payable, (long-term) 230.00 Other Current Assets 35.00 Other Long-Term Liabilities 53.00 Property, Plant, and Equipment 391.00 Contributed Capital 392.00 Other Assets 117.00 Retained Earnings 29.00 Assume that the following events occurred in the quarter ended December 31 (amounts provided are in whole dollars) a Paid $6,500,000 cash for an additional other asset b. Issued additional shares for $6,500,000 in cash. c. Purchased property, plant, and equipment; paid $6,500,000 in cash and signed a note to pay the remaining $18,000,000 in two years. d Sold, at cost, other assets for $1,450,000 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $45,000,000. Required: 1. Analyze transactions (a) through (e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign. Enter your answers in millions, rounded to two decimal places.) Transaction a b c d Assets Liabilities Shareholders' Equity 0. 2. Record the transaction effects determined in requirement 1 using journal entries. If no entry is required for a transaction/event select "No journal entry required" in the first account field. Enter your answers in millions, rounded to two decimal places.) View transaction Est Journal entry worksheet < 1 2 3 4 5 Paid $6,500,000 cash for an additional "other asset". Note: Enter debits before credits. Transaction a General Journal Debit Credit View general journal Record entry Clear entry > 3. Summarize the journal entry effects from requirement 2 using T-accounts. Use the September 2020 ending balances as the beginning balances for the October to December 2020 quarter. (Enter your answers in millions, rounded to two decimal places.) Beg. bal End. bal. Cash Accounts Receivable Beg. bal End. bal. Inventories Property, Plant, and Equipment Beg. bal Beg bal End. bal. End. bal. Other Assets Accounts Payable Beg. bal Beg bal. End. bal. End. bal. Wages and Other Expenses Payable Notes Payable, (long-term) Beg. bal. Beg. bal. End. bal. End. bal. Other Long-term Liabilities Contributed Capital Beg bal Beg. bal End. bal. End. bal. Retained Earnings Other Current Assets Beg. bal Beg. bal