Answer the following questions regarding the given Balance Sheet and Income Statement for a fictitious company. ($ in millions). Solve question (c)

c. Calculate the total debt and total liabilities of 2018.

Balance sheet as of Dec. 31, 2018 Cash Accounts receivable 9,427 Inventory S6,466 15,288 $31,181 Accounts payable Notes payable Current liabilities 1,147 S (1) Current assets Net fixed assets Total assets $54,273 $85,454 Long-term debt Owners' equity Total liab. & equity S85,454 $24,636 $55,027 2018 Income Statement Sales COGS Other expenses 824.00 Depreciation 1,736.00 S (2) 4,707.00 EBIT Interest 926.00 EBT Taxes (34%) Net income 1.61262 Dividends Additions to RE S (3) 1,512.38