Four events relating to liabilities are described below: (a) Recorded a monthly 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) Shortly before the maturity date of a six-month bank loan, made arrangements with the bank to re- finance the loan on a long-term basis. (c) Made an adjusting entry to record accrued interest payable on a 2-year bank loan. (Interest is paid quarterly.) (d) Made a year-end adjusting entry to amortize a portion of the discount on long-term bonds payable. Required: 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 Current Long-Term Net Transaction Net Cash Flow (All Liabilities Liabilities Income Activities Combined) e (b) (c) (d)