1:Amazon's current assets as of December 31, 2016

2:Amazon's total assets are:

3: Amazon's current liabilities are:

4: Amazon's total liabilities are:

5: Amazon's net income in 2016 was:

6: Amazon's retained earnings at the end of the period (as of 31 December 2016) was:

7: Amazon's total Equity as of December 31, 2016 was:

8: Amazon's accounting equation as of December 31, 2016

What information can be calculated from Amazon's list of accounts? Amazon, Inc., is a publicly held corporation and issued its financial statements for 2016 earlier in February 10th, 2017. To follow is a condensed and adapted list of accounts balances as of December 31, 2016, that was constructed from those financial statements. Please note that the accounts have been adapted and condensed for educational use and should not be used for investment decisions. Amazon's List of Accounts balances (Trial Balance) Consolidated list of accounts balances (adapted for classroom use) As of December 31, 2016 (in millions) Cash and cash equivalents Marketable securities Inventories Accounts receivable, net Property and equipment, net Intangible assets, net Other long-term assets Accounts payable Other current liabilities Long-term debt Other long-term liabilities Common stock and other $19,334 6,647 11,461 8,339 29,114 3,784 4,723 $25,309 18,507 7,694 12,607 14,369 Beginning retained earnings (R/E as of 1/1/2016) Net revenues for 2016 Fynenses for 2016 2,545 135,987 131 801 Property and equipment, net Intangible assets, net Other long-term assets Accounts payable Other current liabilities Long-term debt Other long-term liabilities Common stock and other 29,114 3,784 4,723 $25,309 18,507 7,694 12,607 14,369 Beginning retained earnings (R/E as of 1/1/2016) Net revenues for 2016 Expenses for 2016 Other expenses and adjustments for 2016 Dividends for 2016 2,545 135,987 131,801 1,815 Amazon's complete, unabridged financial statements (10-K) can be found on its investor relations website. Questions (calculate each of the following totals using Amazon's list of accounts) 1. Current assets 2. Total assets 3. Current liabilities 4. Total liabilities 5. Net income 6. Ending retained earnings 7. Total stockholders' equity 8. Write Amazon's accounting equation as of December 31, 2016