C. Adidas Inc. had the following balance sheet onSeptember 30, 2019 (in thousands):

Assets		Liabilities and Stockholders’ Equity
Cash	445,421	Accounts Payable	687,121
Accounts Receivable	1,754,137	Notes Payable	553,153
Inventories	1,338,640	Other Liabilities	965,095
Equipment and		Total Liabilities	2,205,369
Other Assets	1,823,009	Stockholders’ Equity	3,155,838
Total Assets	5,361,207	Total Liabilities and Stockholders’ Equity	5,361,207

Consider the following transactions that occurred duringthe first half of October 2019 (in thousands):

1. Inventories were acquired for cash,P160.

2. Inventories were acquired on open account,P190.

3. Unsatisfactory shoes acquired on open account in Junewere returned for full credit, P40.

4. Equipment of P120 was acquired for a cash downpaymentof P30 plus a 6-month promissory note of P90.

5. To encourage wider displays, special store equipmentwas sold on account to Makati area stores for P400. The equipmenthad cost P400 in the preceding month.

6. Sarah G. starred in a movie and as a favor to anAdidas executive, she agreed to display Adidas shoes in abasketball scene. No fee was paid by Adidas.

7. Cash was disbursed to reduce accounts payable,P170.

8. Collected cash on account, P180.

9. Borrowed cash from a bank, P500.

10. Sold additional common stock for cash to newinvestors, P900.

• Prepare an analysis showing the effects of the Octobertransactions on the financial position of Adidas.

• Prepare a balance sheet as of October 15,2019.