Saputo Inc. produces, markets, and distributes a wide variety of products, including cheese, fluid milk, yogurt, dairy ingredients, and snack cakes. It is the largest dairy processor in Canada and serves customers in over 50 countries.

The following transactions occurred during a recent year. Amounts are in millions of dollars.
a.	Issued $30 in shares to investors (example).
b.	Purchased $149 of additional property, plant, and equipment for cash.
c.	Incurred $309 in selling expenses with two-thirds paid in cash and the rest on account.
d.	Purchased on account $6,128 of raw materials used in processing various dairy products.
e.	Earned $7 interest on investments; received 50 percent in cash.
f.	Paid $21 on bank loans.
g.	Sold $8,422 of products to customers on account; the cost of the products sold was $6,263.
h.	Incurred $9 in interest expense (not yet paid).
i.	Declared and paid cash dividends of $184.

Statement of Earnings Statement of Financial Position Shareholders' Net Transaction Assets Liabilities Revenues Expenses Equity Earnings 30 30 . b. . d. . f. g. h