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Mango Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players and sells a

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Mango Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players and sells a variety of related software and services. The following is Mango's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash $ 14,034 Short-term investments 11,385 Accounts receivable 17,693 Inventories 2,135 Other current assets 24,152 Total current assets 69,399 Long-term investments 131,812 Property, plant, and equipment, net 20,886 Other noncurrent assets 12,684 Total assets $ 234,781 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 30,582 Accrued expenses 18,691 Unearned revenue 8,605 Short-term notes payable 6,389 Total current liabilities 64,267 Long-term debt 29, 363 Other noncurrent liabilities 28, 214 Total liabilities 121, 844 Stockholders' equity: Common stock ($0.00001 per 1 value) Additional paid-in capital 25, 412 Retained earnings 87,524 Total stockholders' equity 112,937 Total liabilities and $ 234,781 shareholders' equity Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $18,302 from banks due in two years. b. Purchased additional investments for $24,300 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,608 in cash and signed a short-term note for $1,445. d. Issued additional shares of common stock for $1,505 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,043 for $19,043 cash. f. Declared $11,160 in dividends to be paid at the beginning of the next fiscal year. 4. Prepare a classified balance sheet for Mango at September 29, 2018, based on these transactions. (Enter your answers in millions.) MANGO, INC. Balance Sheet (in millions) Assets Liabilities and stockholders' equity

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