ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets $ 13,924 11,297 17,559 2,122 24,007 68,909. Long-term investments 130,880 Property, plant, and equipment, net Other noncurrent assets 20,737 12,592 $233,118 Total assets LIABILITIES AND STOCKHOLDERS EQUITY Current Liabilities: Accounts payable $ 30,363 Accrued expenses 18,555 Unearned revenue Short-term notes payable Total current liabilities Long-term debt Other noncurrent liabilities. Total liabilities Stockholders' equity: Common stock ($0.00001 per value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity 8,539 6,343 63,800 29,148 28,010 120,958 1 23,912 88,247 112,160 $233,118 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $18,279 from banks due in two years. b. Purchased additional investments for $22,200 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,584 in cash and signed a short-term note for $1,422. d. Issued additional shares of common stock for $1,481 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,021 for $19,021 cash. f. Declared $11,138 in dividends to be paid at the beginning of the next fiscal year. P2-5 Part 2 2. Post each transaction to the appropriate T-accounts (Enter your answers in millions.) Cash Short-term Investments. Beg. Bal. (a) 13,924 Beg. Bal. 11,297 18,279 (b) End. Bal. 32,203 End. Bal. 11,297 Accounts Receivable Inventories Beg. Bal. 17,559 Beg. Bal. 2,122 End. Bal. 17,559 End. Bal. 2,122 Other Current Assets Long-term Investments Beg. Bal. 24,007 Beg. Bal. 130,880 End. Bal. Beg. Bal. 24,007 Property, Plant, and Equipment 20,737 End. Bal. 130,880 Other Noncurrent Assets Beg. Bal. 12,592 Property, Plant, and Equipment Beg. Bal. 20,737 Beg. Bal. Other Noncurrent Assets 12,592 End. Bal. 20,737 End. Bal. 12,592 Accounts Payable Accrued Expenses Beg. Bal. 30,363 Beg. Bal. 18,555 End. Bal, 30,363 End. Bal. 18,555 Unearned Revenue Short-term Notes Payable Beg. Bal. 8,539 Beg. Bal. 6,343 8,539 End. Bal. End. Bal. Dividends Payable Beg. Bal. 6,343 Long-term Debt Beg. Bal. 29,148 End. Bal. 0 End. Bal. 29,148 Required information Dividends Payable Long-term Debt Beg. Bal. Beg. Bal. 29,148 End. Bal. 0 End. Bal. 29,148 Other Noncurrent Liabilities Common Stock Beg. Bal. 28,010 Beg. Bal. 1 End. Bal. Beg. Bal. 28,010 End. Bal. 1 Additional Paid-in Capital Retained Earnings 23,912 Beg. Bal. 88,247 End. Bal. 23,912 End. Bal. 88,247