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, 20,886 net 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 value) Additional paid-in capital 25, 412 Retained earnings 87,524 Total stockholders' equity 112,937 Total liabilities and $ 234,781 shareholders' equity 1 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. 2. Post each transaction to the appropriate T-accounts (Enter your answers in millions.) Cash 14,034 Short-term Investments Beg. Bal. 11,385 Beg. Bal. End. Bal. 11,385) End. Bal. 14,034 Accounts Receivable Beg. Bal. 17,6931 Inventories 2,135 Beg. Bal. End. Bal. 17,693 End. Bal. 2,135) Other Current Assets Beg. Bal. 24,152 Long-term Investments Beg. Bal. 131,8121 End. Bal. 24,1521 End. Bal. 131,8121 Property, Plant, and Equipment Beg. Bal. 20,886 Other Noncurrent Assets Beg. Bal. 12,684 End. Bal. 20,886 End. Bal. 12,684 Accounts Payable 30,582 Accrued Expenses 18,691 Beg. Bal. Beg. Bal. End. Bal. 30,582 End. Bal. 18,691 Unearned Revenue 8,605 Short-term Notes Payable 6,389 Beg. Bal. Beg. Bal. End. Bal. 8,605 End. Bal. 6,389 Dividends Payable Long-term Debt 29,363 Beg. Bal. Beg. Bal. End. Bal. End. Bal. 29,363 Common Stock Other Noncurrent Liabilities Beg. Bal. 28,214 Beg. Bal. 1 End. Bal. 28,214 End. Bal. Additional Paid-in Capital 25,412 Retained Earnings 87,524 Beg. Bal. Beg. Bal. End. Bal. 25,412 End. Bal. 87,524