Fruit of the Loom. Inc.. is one of the largest domestic producers of underwear and activewear. selling products under the FRUIT OF THE LOOM®. BVD®. MUNSINGWEAR®. WILSON®, and other brand names. Listed here are selected aggregate transactions from the first quarter of a recent year (in millions). Complete the following tabulation, indicating the sign (+ for increase. — for decrease, and NE for no effect) and amount of the effect of each transaction. Consider each item independently.

a. Recorded sales on account of $501 . 1 and related cost of goods sold of S360.4.

b. Borrowed S306.5 on line of credit with a bank with principal payable within one year.

c. Incurred research and development expense of $10. which was paid in cash.

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a. b. C. Transaction Current Assets Gross Profit Current Liabilities