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1. (45 Points) The balance sheets for Kraft Heinz appears below. The firm paid dividends of $1,960 to its shareholders during the fiscal year covered

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1. (45 Points) The balance sheets for Kraft Heinz appears below. The firm paid dividends of $1,960 to its shareholders during the fiscal year covered by the balance sheet. The Long Term Investment account represents ownership shares in start up vegan and vegetarian food companies. Kraft Heinz Balance Sheet for the Year Ended June 30, 2020 2021 2021 2020 $784 $1,967 $2,850 $3,417 $2,063 $2,554 Cash Acc Rec Inventory Gross PPE Less Acc. Dep. Net PPE Long Term Investments AccPay & Accr Debt Common Stock Less Treas. Stock $6,443 $24,520 $45,108 ($3,396) $5,608 $28,916 $45,108 ($752) $11,797 ($4,491) $11,001 ($3,563) $7,306 $78,135 $91,042 $7,438 $81,570 $97,042 Ret Earn $18,367 $91,042 $18,162 $97,042 c. Did Kraft Heinz sell or buy back its own shares during the fiscal year covered by the balance sheet? How car tell? Why do you think the firm traded its own shares the way it did AND paid dividends in the same year

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