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Required information [The following information applies to the questions displayed below.) Trisha Allen Interiors Incorporated is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Trisha Allen's June 30, 2019, trial balance. (The amounts shown represent millions of dollars.) Accounts Payable Accounts Receivable Cash Common Stock Equipment Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Salaries and Wages Payable Software Assume that the following events occurred in the following quarter, a. Paid $30 cash for additional Inventory. b. Issued additional shares of common stock for $10 in cash. c. Purchased equipment for $200; pald $95 in cash and signed a note to pay the remaining $105 in two years, d. Signed a short-term note to borrow $14 cash. e Conducted negotiations to purchase a sawmill, which is expected to cost $36. $ 128 29 138 28 370 174 230 1 30 385 39 70 At September 30, 2019 (in millions of dollars) Assets Current Assets Cash Accounts Receivable Inventory Prepaid Rent 138 29 174 X 30 Total Current Assets 371 370 Equipment Software 70 $ 811 Total Assets Liabilities Current Liabilities Accounts Payable Salaries and Wages Payable Notes Payable (long-term) Short-term Investments 128 I 39 230 x X Total Liabilities 397 397 Stockholders' Equity 28 Common Stock Retained Earnings 385 413 Total Stockholders' Equity Total Liabilities and Stockholders' Equity 810