The following information came from a recent balance sheet of The Coca Cola, Company: Required: a. Determine the amount of total liabilities reported in Coca-Cola's balance sheet at the beginning of the year. b. Determine the amount of total owners' equity reported in Coca-Cola's balance sheet at the end of the year. c. Retained earnings was reported in Coca-Cola's year-end balance sheet at $66.6 billion. If retained earnings was $65.6 billion at the beginning of the year, determine net income for the year if a $7.0 billion dividend was declared during the year. Note: For all requirements, enter your answers in billions of dollars rounded to 1 decimal place. A number of transactions of Claypool Construction are described as follows in terms of accounts debited and credited: 1. Debit Wages Expense; credit Wages Payable. 2. Debit Accounts Receivable; credit Construction Revenue. 3. Debit Dividends; credit Cash. 4. Debit Office Supplies; credit Accounts Payable. 5. Debit Repairs Expense; credit Cash. 6. Debit Cash; credit Accounts Receivable. 7. Debit Tools and Equipment; credit Cash and Notes Payable. 8. Debit Accounts Payable; credit Cash. Required: a. Indicate the effects of each transaction upon the elements of the income statement and the balance sheet. Select I for increas for decrease, and NE for no effect in the column headings below to show the effects of the above transactions. The answer for transaction. 1 is provided as an example