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Wolverine World Wide, Inc., manufactures military, work, sport, and casual footwear and leather accessories under a variety of brand names, such as Hush Puppies, Wolverine,

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Wolverine World Wide, Inc., manufactures military, work, sport, and casual footwear and leather accessories under a variety of brand names, such as Hush Puppies, Wolverine, Merrell, Stride Rite, and Bates, to a global market. The following transactions occurred during a recent year. Dollars are in thousands. a. Issued common stock to investors for $14, 087 cash (example). b. Purchased $887, 418 of additional inventory on account. c. Borrowed $10, 700. d. Sold $1, 377, 068 of products to customers on account; cost of the products sole was $734, 547. e. Paid cash dividends of $20, 758. f. Purchased for cash $25, 326 in additional property, plant, and equipment. g. Incurred $345, 184 in selling expenses, paying three-fourths in cash and owing the rest on account. h. Earned $1, 763 interest on investments, receiving 90 percent in cash. i. Incurred $3, 030 in interest expense to be paid at the beginning of next year. Required: For each of the transactions, complete the tabulation, indicating the effect (positive value for increase, negative value for decrease, and leave blank if no effect) of each transaction. (Remember that A = L + SE, R - E = NI, and NI affect SE through Retained Earnings). The first transaction is provided as an example

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