Dell Inc., headquartered in Austin, Texas, is the global leader in selling computer products and services. The following is Dells (simplified) balance sheet from a recent year (fiscal year ending on Friday nearest January 31).

DELL INC. Balance Sheet at February 3, 2012 (dollars in millions)

ASSETS

Current assets:

Cash

$

8,482

Short-term investments

750

Receivables and other assets

6,483

Inventories

872

Other

3,679

Total current assets

20,266

Property, plant, and equipment

2,347

Long-term investments

474

Other noncurrent assets

3,628

Total assets

$

26,715

LIABILITIES AND STOCKHOLDERS EQUITY

Current Liabilities:

Accounts payable

$

8,389

Other short-term obligations

6,450

Total current liablities

14,839

Long-term liabilities

7,410

Total liabilities

22,249

Stockholders equity

Common stock ($0.01 per value)

39

Additional paid-in capital

11,170

Retained earnings

20,981

Other stockholders equity items

(27,724

)

Total stockholders equity

4,466

Total stockholders equity and liabilities

$

26,715

Assume that the following transactions (in millions) occurred during the remainder of 2012 (ending on February 1, 2013):

a.	Borrowed $40 from banks due in two years.
b.	Lent $250 to affiliates, who signed a six-month note.
c.	Purchased additional investments for $12,300 cash; one-fifth were long-term and the rest were short-term.
d.	Purchased property, plant, and equipment; paid $825 in cash and $1,380 with additional long-term bank loans.
e.	Issued 1,100 additional shares of stock for $280 in cash.
f.	Sold short-term investments costing $9,100 for $9,100 cash.
g.	Dell does not actually pay dividends; it reinvests its earnings into the company for growth purposes. Assume instead for this problem that Dell declared and paid $46 in dividends during 2012.