Question: For each transaction below, write the net effect on Total Assets (A), Total Liabilities (L), Pre-tax Net Income (NI) Before Taxes, Cash flows from operating

For each transaction below, write the net effect on Total Assets (A), Total Liabilities (L), Pre-tax Net Income (NI) Before Taxes, Cash flows from operating activities (CFO), Cash flows from investing activities (CFI), and cash flows from financing activities (CFF). Write 0 for no effect and use negative numbers to indicate reductions in accounts or cash outflows. Assume U.S. GAAP treatment.

Transaction	A	L	NI (pretax)	CFO	CFI	CFF
Accrued $50 for researchers wages
Purchased patent for $680
Recorded $40 of amortization on purchased patent
Record write-down of different patent from $560 to 0
Realize patent previously written down is worth $225
Borrowed $90 on a short-term loan

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