Effects of transactions upon financial measurements Five events relating to liabilities are described below a. Recorded a bi-weekly payroll, including the issuance of paychecks to employees Amounts withheld from employees' pay and payroll taxes will be forwarded to appropriate agencies in the near future b. Made a monthly payment on a 12 month installment note payable, ncluding interest and a partial repayment of the (ignore post-retirement costs.) principal amount c. Shortly before the maturity date of a six-month bank loan, made arrangements with the bank to refinance the loan on a long-term basis d. Made an adjusting entry to record accrued interest payable on a 2 year bank loan, (Interest is paid quarterty) e. Made a year-end adjusting entry to amortize a portion of the discount on long-term bonds payable. Indicate the immediate effects of each transaction or adjusting entry upon the financial measurements in the five column headings listed below. Use the code letters, I for increase, D for decrease, and NE for no effect Transaction Current Liabilities Long-Term Liabilities Netincome Net Cash Flow (All Activities Combined)