4. Excerpts from Nike's financial statements (for the year ended May 31, 2010) are listed on the following page. Use the information presented by Nike to prepare a summary journal entry of for the firm's disposals for the year ended May 31, 2010 relating to property, plant and equipment. Assume Nike made no non-cash investing transactions relating to property, plant and equipment. Also assume Nike made no impairments relating to property, plant and equipment. (2 points) NIKE,INC. CONSOLIDATED BALANCE SHEETS 2010 May 31 2000 ASSETS Current assets: Cash and equivalents Short-term investments (Note 6) Accounts receivable, net (Note 1) Inventories (Notes 1 and 2) Deferred income taxes (Note 9) Prepaid expenses and other current assets Total current assets Property, plant and equipment, net (Note 3) Identifiable intangible assets, net (Note 4) Goodwill (Note 4) Deferred income taxes and other assets (Notes 9 and 18) Total assets 53,079.1 2,0668 2,6198 20108 28 8739 109592 19319 1670 1876 8736 $ 144193 52.2911 1,1640 28839 23570 2724 7656 9,7340 1.957.7 4674 1935 9970 $ 132496 NIKE INC CONSOLIDATED STATEMENTS OF CASH FLOWS 2010 Year Eaded May 31 2000 la millow $ 1.9067 $ 1.486.7 $ 1,883.4 333.7 83 1590 3350 (294.1) 1706 303.6 (300.6) 1410 Cash provided by operations: Net income Income charges (credits) not affecting cash: Depreciation Deferred income taxes Stock-based compensation (Note 11) Cash used by investing activities: Purchases of short-term investments Maturities and sales of short-term investments Additions to property, plant and equipment Disposals of property, plant and equipment Increase in other assets, net of other liabilities Settlement of net investment hedges (3,724.4) 2,7876 (335.1) 10.1 (112) 35 (29087) 2,390.0 (4557) 320 (470) 1913 (1.865,6) 2.246.0 (4492) 19 (218) 16.0 Note 3 Property, Plant and Equipment Property, plant and equipment included the following Land Buildings Machinery and equipment Leasehold improvements Construction in process As of May 31 2010 2000 (la million) $ 2228 $ 2216 9519 974.0 2217.5 2.0943 8206 8020 1770 163.8 43898 4.255.7 24579 2.7980 $ 19319 $ 1957.7 Les accumulated depreciation Capitalized interest was not material for the years ended May 31, 2010, 2009 and 2008