For the following list of transactions, complete the table using ASPE and indicate (I) Increase, (D) Decrease, or (NE) No Effect.

Assets Liabilities Shareholders' Equity Net Income Example Purchased inventory for $80,000 on account. NE NE Jssued an $80,000 note payable in payment of an account [see example above). Recorded accrued interest on the note from item 1 above. Borrowed $100,000 from the bank by signing a $104,000, sixmonth, non W note Recognized four months of interest expense on the note from item 3 above. Recorded cash sales of $81,900, which includes 5% provincial sales tax. Recorded salaries and wages expense of $35,000. The cash paid was 525,000; the difference was due to various amounts withheld. Recorded employer's payroll taxes