March 31, 2018 2017 Im $ Balance Sheet (dollars in millions) Assets Total current assets Property, plant, and equipment Less: Accumulated depreciation. Goodwill 7,981 $ 6,900 4,190 4,830 2,125 1,726 551 513 Year Ended hey March 31, 2018 2017 Statement of Cash Flows (dollars in millions) Operating activities: Net income Noncash items affecting net income: Depreciation $ 1,148 $ 982 infor sin 463 455 2,125 1,726 moun Less: Accumulated depreciation. Goodwill.. 551 513 Year Ended March 31, 2018 2017 Statement of Cash Flows (dollars in millions) Operating activities: Net income. $ 1,148 $ 982 hey? 463 455 (117) 0 Noncash items affecting net income: Depreciation Gain on sale of property, plant and equipment Investing activities: Additions to property, plant, and equipment. Sale of property, plant, and equipment informa in milli (713) (614) 126 Print Done quirement 2. The financial statements provide three pieces of evidence that Gigantic purchased pla The balance sheet shows an increase in property, plant, and equipment The balance sheet shows an increase in goodwill r; and Goodw viation used: A eqi ash The balance sheet shows an increase in accumulated depreciation The balance sheet shows an increase in goodwill egi The balance sheet shows an increase in property, plant, and equipment The statement of cash flows reports additions to property, plant, and equipment The statement of cash flows reports depreciation The statement of cash flows reports net income Total current assets increased on the balance sheet Read the requirements Requirement 3. T-accounts for Property, Plant, and Equipment; Accumulated Depreciation; and Goodwill have been prepared for cash flow statements. Label each increase or decrease and give its dollar amount. (Abbreviation used: Accum. Depr. - Accumulate Begin by completing the T-account for Property, Plant, and Equipment. Property, Plant, and Equipment Next, complete the T-account for Accumulated Depreciation. Accumulated Depreciation Choose from any list or enter any number in the input fields and then continue to the next question. Finally, complete the T-account for Goodwill. Goodwill Requirement 4. Prepare the journal entry for the sale of property, plant, and equipment in 2018. (Record debits first, ther problem statement.) Journal Entry Date Accounts Debit Credit Millions Choose from any list or enter any number in the input fields and then continue to the next question. MacBook Pro