Ollows: Transactions during 2023 follow. All dollars are in millions, except per share amounts: a. Borrowed $24 cash on a 5-year, 10 percent note payable, dated March 1, 2023. b. Sold 4 additional shares of common stock for cash at $1 market value per share on January 1,2023. c. Purchased land for a future building site; paid cash, $19. d. Earned $308 in revenues for 2023 , including $65 on credit and the rest in cash. e. Incurred $105 in wages expense and $41 in miscellaneous expenses for 2023 , with $36 on credit and the rest paid in cash. f. Collected accounts receivable, $40. 9. Purchased other noncurrent assets, $14 cash. h. Purchased supplies on account for future use, $39. i. Paid accounts payable, $38. J. Declared cash dividends on December 1, $20. k. Signed a three-year $45 service contract to start February 1,2024. 1. Paid the dividends in (j) on December 31. Data for adjusting entries (amounts in millions): m. Supplies counted on December 31,2023,$30. n. Depreciation for the year on the equipment, $15. o. Interest accrued on notes payable (to be computed). p. Wages earned by employees since the December 24 payroll but not yet paid, $17. q. Income tax expense, \$14, payable in 2024. 5. Identify the type of transaction for (a) through ( ) for the statement of cash flows and the direction and amount of the effect. Note: List cash outflows as negative amounts. For transactions with no effect, choose "No effect".) (Enter your answers in millions rather than in dollars (for example, 5 million should be entered as 5 rather than 5,000,000 )