Delta Air Lines, Inc. reports total net operating assets of $6,829 million, net nonoperating liabilities of $8,960

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Delta Air Lines, Inc. reports total net operating assets of $6,829 million, net nonoperating liabilities of $8,960 million, and equity of $(2.131) in its 2012 10-K. Footnotes reveal the existence of operating leases that have a present value of $6,475 million.

a. What balance sheet adjustment(s) might we consider relating to the leases before we forecast financial statements?

b. What income statement adjustment(s) might we consider?

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