Costco Wholesale Corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 721locations across the U. S. as well as in Canada, the United Kingdom, Japan, Australia, South Korea, Taiwan, Mexico and Puerto Rico. As of its fiscal year-end 2016, Costco had approximately 86.7 million members. Selected fiscal-year information from the company's balance sheets follows. Selected Balance Sheet Data ($ millions) 2016 2015
Merchandise inventories $8,969 $8,908
Deferred membership income (liability) 1,362 1,269

Required:
a. During fiscal 2010, Costco collected $1,736 cash for membership fees. Use the financial statement effects template to record the cash collected for membership fees.
b. In 2010, Costco recorded $67,995 million in merchandise costs (that is, cost of goods sold). Record this transaction in the financial statement effects template.
c. Determine the value of merchandise that Costco purchased during fiscal-year 2010. Use the financial statement effects template to record these merchandise purchases. Assume all of Costco's purchases are on credit.