Wolverine World Wide, Incorporated, designs, markets, and licenses casual, industrial, performance outdoor, and athletic footw apparel under a variety of brand names, such as Hush Puppies, Wolverine, Merrell, Sperry, and Saucony, to a global market. Th following transactions occurred during a recent year. Dollars are in millions.

a$.$ Issued common stock to investors for $$14\mathrm{.}4$ cash $($example$).$

b$.$ Purchased $$1,685\mathrm{.}6$ of additional inventory on account.

c$.$ Paid $$57\mathrm{.}1$ on long$-$term debt principal and $$4\mathrm{.}6$ in interest on the debt.

d$.$ Sold $$2,350$ of products to customers on account

e$.$ Cost of the products sold was $$1,448\mathrm{.}6.$

f$.$ Paid cash dividends of $$23$ to shareholders.

g$.$ Purchased for cash $$34\mathrm{.}4$ in additional property, plant, and equipment

h$.$ Incurred $$706\mathrm{.}6$ in selling expenses, paying three$-$fourths in cash and owing the rest on account

i$.$ Earned $$1$ of interest on investments, receiving $80$ percent in cash.

j$.$ Incurred $$32$ 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 decr and leave blank if no effect$)$ of each transaction. $($Remember that Assets $=$ Liabilities $+$ Stockholders' Equity, Revenues $-$ Expen Income; and Net Income affects Stockholders' Equity through Retained Earnings.$)$ The first transaction is provided as an exam Note: Enter the increasing and decreasing effect of the transaction on separate lines in the table. Do not net the effects o Stockholders' Equity or Net Income. Enter your answers in millions rather than in dollars $($for example, $22\mathrm{.}4$ million should entered as $22\mathrm{.}4$ rather than $22,400,000.$

$\backslash$table$[[$Transaction$,$Balance Sheet,Income Statement$],[$Assets$,$Liabilities,$\backslash$table$[[$Stockholders$\text{'}],[$Equity$]],$Revenues,Expenses,Net Income$],[$a$.,14\mathrm{.}40,,14\mathrm{.}40,,,],[$b$.,1,685\mathrm{.}60,1,685\mathrm{.}60,,,,],[$c$.,,,,,,]]$

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