Following are selected account balances (in millions of dollars) from a recent UPS annual report, followed by several typical transactions. Assume that the following are account balances on December 31 (end of the prior fiscal year): These accounts are not necessarily in good order and have normal debit or credit balances. (Note: Because these are not all of UPS's accounts, these will not balance in a trial balance.) Assume the following transactions (in millions, except for par value) occurred the next fiscal year beginning January 1 (the current year): a. Provided dellivery service to customers, who paid $2,890 in cash and owed $25,904 on account. b. Purchased new equipment costing $3,494; signed a long-term note. c. Paid $8,464 cash to rent equipment and aircraft, with $3,586 for rent this year and the rest for rent next year (a prepaid expense). d. Spent $924 cash to repair facilities and equipment during the year. e. Collected $26,085 from customers on account. f. Repaid $180 on a long-term note (ignore interest). 9. Issued 200 million additional shares of $0.01 par value stock for $19 (that's $19 million). h. Paid employees $10,026 for work during the year. 1. Purchased spare parts, supplies, and fuel for the aircraft and equipment for $7,464cash. j. Used $6,600 in spare parts, supplies, and fuel for the aircraft and equipment during the year. k. Paid $844 on accounts payable. 1. Prepare journal entries for each transaction. 2. Enter the ending balances from December 31 as the respective beginning balances for January 1 of the current year. Record in the T-accounts the effects of each transaction. Label each using the letter of the transaction. 3. Prepare an unadjusted income statement for the current year ended December 31 . 4. Compute the company's net profit margin ratio for the current year ended December 31