Creative Technology, a computer hardware company based in Singapore, developed the modern standard for computer sound cards in the early 1990s. Recently, Creative has released a line of portable audio products to directly compete with Apple’s popular IPod. Presented here is a recent income statement.

Its beginning and ending assets were $403 and $342, respectively.

Required:Listed here are hypothetical additional transactions. Assuming that they also occurred during the fiscal year, complete the following tabulation, indicating the sign of the effect of each additional transaction (+ for increase, — for decrease, and NE for no effect). Consider each item independently and ignore taxes.
a. Recorded sales on account of $400 and related cost of goods sold of $300.
b. Incurred additional research and development expense of $100, which was paid in cash.
c. Issued additional shares of common stock for S260 cash.
d. Declared and paid dividends of$90

Net sales Costs and expenses S 231 Cost of sales 182 62 (79) Research and development Selling, general, and administrative Operating income (loss) Interest and other income (expenses), net Income (loss) before provision (benefit) for income taxes Provision (benefit) for income taxes Net income (loss) 27 (52) (47) Operating Income Return osn Assets Transaction Gross Profit a. b. d.