Dog 3Sonos, Incorporated designs, develops, manufactures, and sells multi-room audio products. The Sonos sound system providescustomers with an immersive listening experience created by the design of its speakers and components, a proprietary softwareplatform, and the ability to stream content from a variety of sources over the customer's wireless network or over Bluetooth, In anearlier year, it reported the following on its income statement (dollars in millions).eBookPhotReferencesNet salesCosts and expensesCost of salesResearch and development.Selling, general, and administrativeOperating income (loss)Interest and other incone (expenses), netLoss before provision for income taxesProvision for income taxes iNet loss$ 1,326754215384(27)7(20)(0)$ (20)The company's beginning and ending assets were $762 and $816, respectively.Required:Listed here are hypothetical additional transactions. Assuming that they also occurred during the fiscal year, complete the followingtabulation, indicating the sign of the effect of each additional transaction (+ for increase and-for decrease). Consider each itemindependently and ignore taxes. (Hint: Construct the journal entry for each transaction before evaluating its effect)Note: Select "NE" if there is no effect.a. Recorded sales on account of $400 and related cost of goods sold of $300b. Incurred additional research and development expense of $100, which was paid in cash.c. Issued additional shares of common stock for $260 cash.d. Declared and paid dividends of $90.Check my work

Income statement is a financial statement that records all the income and expenses of the business…

Sonos, Incorporated designs, develops, manufactures, and sells multi-room audio products. The Sonos sound system provides customers with an immersive listening experience created by the design of its speakers and components, a proprietary software platform, and the ability to stream content from a variety of sources over the customer's wireless network or over Bluetooth. In an earlier year, it reported the following on its income statement (dollars in millions). Net sales Costs and expenses Cost of sales Research and development Selling, general, and administrative Operating incone (loss) Interest and other incone (expenses), net Loss before provision for income taxes Provision for income taxes Net loss The company's beginning and ending assets were $762 and $816, respectively. $ 1,326 754 215 384 (27) 7 (20) (0) (20)