A. The following numbers were extracted from a balance sheet (in millions): Question 2: Operating assets Financial assets Total liabilities $547 145 322 Of the total liabilities, $190 million were deemed to be financial liabilities. Required: Prepare a reformulated balance sheet that distinguishes items involved in operation from those involved in financing activities. (9 points) B. An income statement consists of the following line items (in millions): Sales Revenue $4,356 Cost of Goods sold 3,487 Operating expenses 428 Interest income (revenue) 56 I Interest expense 132 Assume that the firm pays no taxes. Required: Prepare a reformulated income statement that distinguishes items involved in operation from those involved in financing activities. (9 points) L