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). $ 14,084 11,425 17,755 2,142 24,231 69,637 132, 264 20,957 12,728 $ 235,586 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 $ 30,687 18,755 8,635 6,411 64,488 29,464 28,310 122,262 1 25,712 87,611 113, 324 $ 235,586 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $18,309 from banks due in two years. b. Purchased additional investments for $25,000 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,615 in cash and signed a short-term note for $1,454. d. Issued additional shares of com stock for $1,513 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,050 for $19,050 cash. f. Declared $11,169 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 Short-term Investments 11,425 Beg. Bal 14,084 Beg. Bal. End. Bal. 11,425 End. Bal. 14,084 Accounts Receivable 17.755 Inventories 2,142 Beg. Bal Beg. Bal End. Bal. 17.755 End. Bal. 2,142 Long-term Investments Other Current Assets 24,231 Beg Bail Beg Bal 132,264 End. Bal. 24,231 End. Bal. 132.264 Property, Plant, and Equipment 20,957 Other Noncurrent Assets 12,728 Beg. Bal. Beg. Bal End. Bal. 20,957 End. Bal. 12,728 Accounts Payable 30,687 Accrued Expenses 18,755 Beg. Bal. Beg. Bal. End. Bal. 30,687 End. Bal. 18.755 Unearned Revenue 8,635 Short-term Notes Payable 6,411 Beg. Bal Beg. Bal. End. Bal. 8,635 End. Bal. 6,411 Dividends Payable Long-term Debt 29,464 Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 29,464 Common Stock Other Noncurrent Liabilities 28,310 Beg. Bal Beg. Bal End. Bal. 28,310 End. Bal. Additional Paid-in Capital 25,712 Retained Earnings 87,611 Beg. Bal. Beg. Bal. End. Bal. . 25,712 End. Bal. 87,611