2. Balance sheet Aa Aa The balance sheet provides a snapshot of the financial condition of a company. Investors and analysts use the information given on the balance sheet and other financial statements to make several interpretations regarding the company's financial condition and performance Blue Hamster Manufacturing Inc. is a hypothetical company. Suppose it has the following balance sheet items reported at the end of its first year of operation. For the second year, some parts are still incomplete. Use the information given to complete the balance sheet Blue Hamster Manufacturing Inc. Balance Sheet for Year Ending December 31 (Millions of Dollars) Year 2 Year 1 Year 2 Year 1 Liabilities and equity Current liabilities: Assets Current assets: Cash and equivalents Accounts receivable Inventories $184Accounts payable $0 $613 $580 $231 68 198 $450 Accruals 12 62 $62 188 $250 Notes payable Total current assets Total current liabilities Net fixed assets: Long-term debt 234 Net plant and equipment $550 Total debt $312 Common equity 488 262 $750 $1,000 Common stock 610 Retained earnings Total common equity Total liabilities and equity $938 Total assets $1,250 $1,000 $1,250