1. CoffeeCoffee, Inc., has current assets of $ 250 million; property, plant, and equipment of $370 million; and other assets totaling$ 200 million. Current liabilities are

$ 140 million and long-term liabilities total $ 360 million.

(Enter all amounts in millions of dollars.)

Requirement 1. Use the data provided to write Coffee's accounting equation. 2. The assets and liabilities ofPost Shrub Garden Supply, Inc., as of December 31, 2018, and revenues and expenses for the year ended on that date are as follows:

Prepare the income statement of Post ShrubPost Shrub Garden Supply, Inc., for the year ended December 31,

2018. Let's begin the heading and then complete the rest of the statement. (If a box is not used in the financial statements leave the box empty; do not select a label or enter a zero. Use parentheses or a minus sign to enter a net loss.)

Equipment. . . . . . . . . . .	$114,000	Land. . . . . . . . . . . . . . . . .	$29,000
	Interest expense. . . . . .	10,200	Note payable. . . . . . . . . .	99,000
	Interest payable. . . . . . .	2,300	Property tax expense. . .	7,700
	Accounts payable. . . . .	21,000	Rent expense. . . . . . . . .	41,800
	Salary expense. . . . . . .	108,200	Accounts receivable. . . .	84,800
	Building. . . . . . . . . . . . .	401,000	Service revenue. . . . . . .	457,600
	Cash. . . . . . . . . . . . . .	47,000	Supplies. . . . . . . . . . . . . .	6,500
	Common stock. . . . . . . .	18,700	Utilities expense. . . . . . .	8,400

Beginning retained earnings was

$364,000,

and dividends declared and paid totaled

$104,000

for the year.