Below is an alphabetical list of Brinker's accounts and account balances as of Dec 31, 2019 (all amounts in millions of US dollars). Identify the accounts that would appear on Brinker's BALANCE SHEET and then use this information to re-create Brinker's 2019 Balance Sheet on the following page. Accounts payable 97.5 Accounts receivable Cash 55.0 13.4 Common stock 534.0 Cost of goods sold 823.0 Current portion of long-term debt 9.7 Income tax expense 16.9 Interest expense 61.6 Inventory 70.3 Intangible assets Long-term debt 326.2 1,206.6 Other accrued expenses 131.4 Other long-term liabilities 408.3 Prepaid expenses 38.3 Property and equipment, net 755.1 Retained earnings (ending balance on 12/31/19) 2,771.2 Sales revenue 3,217.9 Selling, general and administrative expenses 1,101.8 Treasury stock (4,083.4) Wages expense 1,059.7 Wages payable Unearned revenue-gift cards 82.1 100.9 Below you will see SOME (not all!) of GAP's transactions in their most recent fiscal year. Provide the journal entry or entries (accounts and amounts) needed to record each transaction. I completed the first journal entry for you to give you a sense of how your entries should look. a) Had $15,958 million in sales to customers - of these sales, $15,150 million were credit sales and the remaini $808 million were cash sales. The goods that were sold had an initial cost of $9,967 million. Dr. Accounts Receivable Cr. Sales Dr. Cash Dr. Cost of Goods Sold Cr. Inventory 15,150 million 808 million 15,958 million 9,967 million 9,967 million b) Purchased $9,992 million worth of inventory on account. c) Declared and paid cash dividends of $364 million. d) Purchased new manufacturing equipment for $702 million cash. e) Collected $14,990 million cash from customers related to prior credit sales. ACC102 Graded Homework #1, Page 4 of 6 f) Paid $10,646 million cash related to accounts payable due to suppliers. g) Received $480 million in cash from customers purchasing gift cards. h) Incurred $76 million in interest expense and paid the entire amount in cash during the current period. i) Paid $713 million cash for advertising. Of the $713 million, $687 million related to ads that ran in the current period and $26 million related to ads that had not yet run at the end of the period (i.e., $26 million was still prepaid at the end of the period). i) Paid $713 million cash for advertising. Of the $713 million, $687 million related to ads that ran in the current period and $26 million related to ads that had not yet run at the end of the period (i.e., $26 million was still prepaid at the end of the period). j) Incurred $538 million in federal and state income taxes related to the current year's revenues. Of this $538 million, $490 million was paid in cash to the relevant taxing agencies by the end of the period and $48 million was still owed at the end of the period. k) Paid employees $1,248 million cash in the current period for wages. Of this $1,248 million, $104 million related to prior period employee service and $1,144 million related to current period employee service