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Inferring Transactions from Financial Statements Fitbit Inc. is a technology company that designs, manufactures, and sells wearable devices with software and services to help customers reach their health and fitness goals. During fiscal 2018. Fitbit purchased inventory costing $909,380 thousand. Assume Fitbit makes all purchases on credit and its accounts payable is only used for inventory purchases. The following T-accounts reflect information contained in the company's fiscal 2017 and 2018 balance sheets ( $ thousands). a. Use the financial statement effects template to record Fitbit's 2018 purchases. b. What amount did it pay in cash to its suppliers during fiscal year 2018? Explain. c. Use the financial statement effects template to record cost of goods sold for its fiscal year 2018