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Hi, can i please have the answers to this. E10.6. Reformulation of a Balance Sheet, Income Statement, and Statement of Shareholders' Equity (Medium) The following

Hi, can i please have the answers to this.

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E10.6. Reformulation of a Balance Sheet, Income Statement, and Statement of Shareholders' Equity (Medium) The following financial statements were reported for a firm for fiscal year 2012 (in millions of dollars): Balance Sheet 2012 2011 2012 2011 Operating cash 60 50 Accounts payable 1,200 1,040 Short-term investments (at market) 550 500 Accrued liabilities 390 450 Accounts receivable 940 790 Long-term debt 1,840 1,970 Inventory 910 840 Common equity 1,870 1,430 Property and plant 2,840 2,710 5,300 4,890 5,300 4,890Statement of Shareholders' Equity Balance, end of fiscal year 2011 1,430 Share issues 822 Repurchase of 24 million shares (720) Cash dividend (180) Unrealized gain on debt investments 50 Net income 468 Balance, end of fiscal year 2012 1,870 The firm's income tax rate is 35%. The firm reported $15 million in interest income and $98 million in interest expense for 2012. Sales revenue was $3,726 million. a. Reformulate the balance sheet for 2012 in a way that distinguishes operating and financing activities. Also reformulate the equity statement. b. Prepare a reformulated statement of comprehensive income

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