and In Use the following information from Designer Brands, Inc. Balance Sheet as of January 30, 202 Statement for the fiscal year ended January 30, 2021 to answer the next four questions. Assume Prepaid expenses will be used up within a year, Wages payable will be paid within a year and Unearned revenue will be earned within a year. Accounts are listed in alphabetical order. All amounts are in millions of dollars. db 245 DESIGNER BRANDS Accounts payable Other current liabilities 116 Accounts receivable 196 Other long-term assets 900 Accumulated depreciation 840 Other long-term liabilities 709 Cash 60 Common stock 190 Prepaid expenses and other current assets Property and equipment 48 1.136 Cost of goods sold 1,923 Retained earnings 53 Depreciation expense 88 Sales 2.235 Dividends 19 Selling general and administrative expenses 665 Income tax expense 24 Short-term debt 308 Interest expense 24 Short-term investments 4 Long-term debt 272 Unearned revenues 34 Merchandise inventories 473 Wages payable 50 3. Calculate Designer Brands' Total Current Assets as of January 30, 2021. a. $815 million b. $781 million c. $733 million d. $729 million 4. Calculate Designer Brands' Total Assets as of January 30, 2021. a. $1,977 million b. $2,876 million c. $3,605 million d. $3,657 million c. $2,817 million Options were incorrect Calculate Designer Brands' Total Current Liabilities as of January 30, 2021. a $1,593 million- b. $753 million c. $719 million d. $445 million 6. Calculate Designer Brands' Net Income or Net Loss for the year ended January 30, 2021. a Net Income of $523 million b. Net Loss of $1,241 million. c. Net Income of $441 million d. Net Loss of $489 million