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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, 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 $14,094 cash (example). b. Purchased $875,418 of additional inventory on account. c. Borrowed $10,000 d. Sold $1,462,068 of products to customers on account; cost of the products sold was $748,547 e. Paid cash dividends of $20,958 f. Purchased for cash $25,726 in additional property, plant, and equipment. g. Incurred $345,824 in selling expenses, paying three-fourths in cash and owing the rest on account. h. Earned $1,769 interest on investments, receiving 90 percent in cash. i. Incurred $2,930 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 zero for a net effect of zero) of each transaction. (Remember that A L+ SE, R- E NI, and NI affects SE through Retained Earnings). The first transaction is provided as an example. Balance Sheet Income Statement Transaction Liabilities Stockholders Assets Expenses Net Income 14,094 14,094 a. b. C. d. e. g- h

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