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2. Use the accounts below for Delphi Corporation for December 31, 2006 to prepare an income statement and a balance sheet. ($ millions) Contributed capital

2. Use the accounts below for Delphi Corporation for December 31, 2006 to prepare an income statement and a balance sheet. ($ millions) Contributed capital Cost of sales Cash Long-term liabilities Accounts receivable Other current assets $ 2,905 21,966 1,608 18,861 4,341 2,043 Other long-term assets 1,410 Other current liabilities 5,819 Other operating expenses 5,313 Other nonoperating expenses 792 Inventory 1,924 Accounts payable 2,585 Property, net 4,066 Retained earnings (11,893) Sales to General Motors 9,344 Sales to other customers 13,393 Tax expense (benefit) 130 Other equity (2,885)

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