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M2-22 Preparing a Classified Balance Sheet (LO 2-4, LO 2-5) [The following information applies to the questions displayed below.) The following accounts are taken from

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M2-22 Preparing a Classified Balance Sheet (LO 2-4, LO 2-5) [The following information applies to the questions displayed below.) The following accounts are taken from the financial statements of Facebook Inc. at September 30, 2016. (Amounts are in millions.) Accounts Payable Accounts Receivable Cash Common Stock Equipment Income Tax Expense Interest Expense Notes Payable (long-term) Prepaid Rent Retained Earnings Service Revenue Short-Term Investments Software $ 1,600 350 3,350 11,480 3,200 350 100 1,150 1,350 3,100 7,800 6,800 2,200 Required: ipped 1. Prepare a classified balance sheet 10).) September 30, 2016. (Enter your answers in millions (le, 10,000,000 should be entered as FACEBOOK, INC Balance Sheet At September 30, 2016 (in millions) Assets Liabilities Current Assets Equipment Software $ Current Liabilities 3.200 Common Stock 2.2001 Retained Earnings S 11,400 3.100 5,400 Total Current Liabilities 14,500 14,500 Total Current Assets Total Assets 0 ofrotal Liabilities 5.400 Total Liabilities and Stockholders' Equity $ $ 14,500

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