In a recent year, The Six Flag Company reported the following increases and decreases in current Beats and current liabilities Required: Identify whether each of these increase or decreases caused cash to increase or decreano. Enter an the change in the account balance caused an increase in cash flow or enter a Dif the change in the account balance caused a decrease in cash flow. Changes in current assets and liabilities (in Millions) Account Account Balance Change Cash Elect (+/-) Receivables-CA Decrease $366 1 Inventories CA Decrease $103 2 Far and television Decrease $848 3 costs CA Current portion of Increase S292 4. borrowings CL Uneamed royalties-CL Increase $69 . 5 Problem #4 (8 Points) Grand Appliance Store prepares annun financial statements and December 31, 2016. Grund needs to analyze the following items to determine the whether adjusting entries are required for 2016. 1. Twenty-two employees worked during 2016 and each of them will take two weeks of vacation in 2017. Twelve of these employees eam $500 per week and 10 employees eam $800 per week. (If an adjusting entry is required, ignare payroll taxes on this item.) 2. Office rent for January, 2017 has not yet been paid 3. Grand ord 3,000 coffee brewing machines for total sales of $150,000. Grand expects that 30 machines will need warranty repairs in the next two years and estimates the cost of repairs to be $2.400 4. Grand has been sued by a customer and assesses the probability of losing the lawsuit to be reasonably possible. The estimate of the contingency loss is $20,000. Required: For each item listed, determine whether there should be an accrual and adjusting entry at December 31, 2016. If so, then prepare the adjusting entry. If not, state the reason for not accruing a liability