2 Use the attached balance sheet to answer the following questions a What is the largest source of long-term cash being used by the company? How will this source probably affect the company's use of cash on an ongoing basis? (4 points) b What is the company's largest investment in short-term assets? Describe these types of assets 4 points) For common stockholders, what is their amount of investment in the company? Why? (4 points) d How much has the company invested in long-term assets? Why are these assets important for the company's success? (4 points) BALANCE SHEETS (In millions) (Unaudited) June 30, 2020 June 30, 2019 $13,576 122,951 136,527 $11,356 122,463 133,819 32,011 1,895 11,482 181,915 29,524 2,063 10,146 175,552 Assets Current assets: Cash and cash equivalents Short-term investments Total cash, cash equivalents, and short-term investments Accounts receivable, net of allowance for doubtful accounts of $788 and $411 Inventories Other current assets Total current assets Property and equipment, net of accumulated depreciation of $43,197 and $35,330 Operating lease right-of-use assets Equity investments Goodwill Intangible assets, net Other long-term assets Total assets Liabilities and stockholders' equity Current liabilities: Accounts payable Current portion of long-term debt Accrued compensation Short-term income taxes Short-term unearned revenue Other current liabilities Totalrent liabilities 44,151 8,753 2,965 43,351 7,038 13,138 $301,311 36,477 7,379 2,649 42,026 7,750 14,723 $286,556 $12,530 3,749 7,874 2,130 36,000 10,027 $9,382 5,516 6,830 5,665 32,676 9,351 7,038 13,138 $301,311 7,750 14,723 $286,556 Intangible assets, net Other long-term assets Total assets Liabilities and stockholders' equity Current liabilities: Accounts payable Current portion of long-term debt Accrued compensation Short-term income taxes Short-term unearned revenue Other current liabilities Total current liabilities Long-term debt Long-term income taxes Long-term unearned revenue Deferred income taxes Operating lease liabilities Other long-term liabilities Total liabilities Commitments and contingencies Stockholders' equity Common stock and paid-in capital - shares authorized 24,000; outstanding 7,571 and 7,643 Retained earnings Accumulated other comprehensive income (loss) Total stockholders' equity Total liabilities and stockholders equity $12,530 3,749 7,874 2,130 36,000 10,027 72,310 59,578 29,432 3,180 204 7,671 10,632 183,007 $9,382 5,516 6,830 5,665 32,676 9,351 69,420 66,662 29,612 4,530 233 6,188 7.581 184,226 80,552 34,566 3,186 118,304 $301,311 78,520 24.150 (340) 102,330 $286.556