following is Mango's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). $ 13,944 11,313 17,583 2,124 24,029 68,993 131,040 20,763 12,608 $ 233,404 MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable Accrued expenses Unearned revenue Short-term notes payable Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity: Common stock ($0.00001 per value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity $ 30,401 18,579 8,551 6,351 63,882 29,186 28,046 121, 114 1 24,312 87,977 112,290 $233,404 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $18,284 from banks due in two years. b. Purchased additional investments for $22,700 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,589 in cash and signed a short-term note for $1,427. d. Issued additional shares of common stock for $1,487 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,026 for $19,026 cash. f. Declared $11,143 in dividends to be paid at the beginning of the next fiscal year. P2-5 Part 2 2. Post each transaction to the appropriate T-accounts (Enter your answers in millions.)