4 Following are the financial statements of Snap-On Inc. for the year ended December 31,2016. Prepare a ed income statement and balance sheet for the company for the next year SNAP-ON INCORPORATED Consolidated Balance Sheets 2016 2015 (in millions) Cash and cash equivalents Trade and other accounts receivable-net $ 92.8 562.5 447.3 82.1 497.8 106.3 S 77.6 598.8 472.5 Finance receivables-net Contract receivables-net Inventories, net Prepaid expenses and other assets Total current assets Property and equipment, net Deferred income tax assets Long-term finance receivables-net Long-term contract receivables-net Goodwill Other intangibles, net Other assets Total assets Notes payable and current maturities of LT debt Accounts payable Accrued benefits Accrued compensation Franchise deposits Other accrued liabilities Total current liabilities Long-term debt Deferred income tax liabilities Retiree health care benefits Pension liabilities Other long-term labilities Total liabilities Shareholders' equity attributable to Snap-On Inc. Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock at cost Total shareholders' equity attributable to Snap-On Inc. Noncontrolling interests 530.5 116.5 1,884.0 1,788.8 413.5 60.4 772.7 266.6 790.1 425.2 72.8 934.5 286.7 895.5 184.6 195.0 44.0 39.9 18.4 301.4 170.9 52.8 89.8 66.7 307.9 989.5 708.8 148.3 52.1 91.0 64.4 296.0 670.2 861.7 13.1 36.7 246.5 37.9 227.8 88.5 2,088.0 1,900. 317.3 3,384.9 (498.5) (653.9 67.4 296.3 2,986.9 (364.2) 2,617.22.412.7 18.0 2,635.2 2,430.7 $ 4.723.2 $4,331.1 Total shareholders equity Total liabilities and shareholders' equity