Following are account balances ($ millions) for Microsoft Corporation as of the fiscal year ended June 30, 2018. Prepare Microsoft's balance sheet as of June 30, 2018. 133,768 26,481 2,662 6,751 169,662 MICROSOFT INC Balance Sheet At June 30, 2018 Assets Current assets Cash and short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term assets Property, plant, and equipment, net Other long-term assets Total assets Liabilities Current liabilities Accounts payable Accrued expenses Other current liabilities Total current liabilities Long-term liabilities Total liabilities Total revenue Accounts payable Cash and short-term investments. Cash flows from operating activities. Other current liabilities Inventories ..... Cost of goods sold Cash flows for investing activities. Retained earnings Income tax expense Operating expenses (other than COGS) $110,360 8,617 133,768 43,884 43,768 2,662 38,353 (6,061) 13,682 19,903 36,949 Cash flows for financing activities. $ (33,540) Other current assets. 6,751 Accrued expenses 6,103 Other stockholders' equity (2,187) Accounts receivable 26,481 Long-term liabilities. 117,642 Cash at beginning of year. 7,663 Other long-term assets. 59,726 Other income ... 1,416 Property, plant, and equipment, net.. 29,460 Common stock and paid-in capital.... 71,223 29,460 59,726 258,848 8,617 6,103 43,768 58,488 117,642 176,130 Stockholder' Equity Common stock and paid-in capital Retained earnings Other stockholders' equity Total equity Total liabilities and equity 71,223 13,682 (2,187) 82,718 258,848 Following are account balances ($ millions) for Microsoft Corporation as of the fiscal year ended June 30, 2018. Prepare Microsoft's balance sheet as of June 30, 2018. 1 MICROSOFT INC 2 Income Statement 3 For the year ended June 30, 2018 4. Net sales 5 Cost of sales 6 Gross profit 7 Operating expenses 36,949 8 Research and development 9 Selling, general, and administrative 10 Total operating expenses 71 Operating income 12 Other income 1,416 13 Income before provision for income taxes 14 Provision for income taxes 15 Net income 16 17 18 19 20 21 Total revenue Accounts payable. Cash and short-term investments. Cash flows from operating activities. Other current liabilities Inventories Cost of goods sold. Cash flows for investing activities. Retained earnings Income tax expense Operating expenses (other than COGS) $110.360 8,617 133,768 43,884 43.768 2,662 38,353 (6,061) 13,682 19,903 36,949 Cash flows for financing activities. Other current assets. Accrued expenses Other stockholders' equity Accounts receivable Long-term liabilities. Cash at beginning of year. Other long-term assets Other income... Property, plant, and equipment, net... Common stock and paid-in capital .... $ (33,540) 6,751 6,103 (2,187) 26,481 117,642 7,663 59,726 1,416 29,460 71,223 Use the data below to prepare Microsoft's statement of stockholders' equity for the fiscal year ended June 30, 2018. MICROSOFT INC Statement of Stockholders' Equity For the year ended June 30, 2018 Common Stock and Accumulated Additional Other Paid-In Retained Comprehensiv Capital Earnings e Income Total Equity Common Stock and Additional Paid-In Capital Accumulated Other Comprehensive Income S millions Retained Earnings $17,769 Beginning balance $69,315 $627 $ millions June 30, 2017 Stock issuances, net Decreases in AOCI Net income Dividends Other June 30, 2018 Additional information for fiscal year 2018: Stock issuances, net increased common stock and additional paid-in capital by $1,908 million and decreased retained earnings by $(7,699) million. Accumulated other comprehensive income decreased by $2,814 million. Net income was $16,571 million. Dividends were $12,917 million. Other decreases in retained earnings total $42 million