3. For each transaction below, write the net effect on Gross PP&E, Total Assets, Net Income Before Taxes (NIBT), Cash flows from operating activities (CFO), and Cash flows from investing activities (CFI). Write 0 for no effect and use negative numbers to indicate reductions in accounts or cash outflows. (6.25 points; 0.25 per entry) Ignore income tax effects Write only the effect for the specified transaction in the current period. Assume the company is a merchandising firm. Assume warranty expenses are recognized in COGS and bad debt expenses are recognized in SG&A. If the net effect is negative, include a negative sign. If no effect, write 0. Transaction PP&E, Assets NI CF CF Gross (Total) (pretax) 0 I A Purchased land worth $745 B Paid $70 for maintenance of equipment C Recognized $82 of depreciation expense D Paid $209 to improve property E Revised assumption about equipment's salvage value