Cute Camel Woodcraft Company Balance Sheet for Year Ending December 31 (Millions of Dollars) Year 2 Year 1 Year 2 Year 1 Assets Liabilities and equity Current assets: Current liabilities: Cash and equivalents $2,767 Accounts payable $0 $0 Accounts receivable 1,266 1,013 Accruals 176 0 Inventories 3,712 2,970 Notes payable 996 937 Total current assets $8,437 $6,750 Total current liabilities $937 Net fixed assets: Long-term debt 3,515 2,813 Net plant and equipment $8,250 Total debt $4,687 $3,750 Common equity: Common stock 9,141 7,313 Retained earnings 3,937 Total common equity $14,063 $11,250 Total assets $18,750 $15,000 Total liabilities and equity $18,750 $15,000