Orange Incorporated, headquartered in Cupertino, California, designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories, and sells a variety of related services. The following is Orange's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). ORANGE INCORPORATED CONSOLIDATED BALANCE SHEET September 28, 2019 (dollars in millions) ASSETS Current assets : Cash $13,87411,25717,4972,11523,92868,671130,42820,66612,548$232,313 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $30,25818,4918,5096,32163,57929,04727,914120,540 Stockholders' equity: Common stock ( $0.00001 par value) Additional paid-in capital 123,61288,160111,773$232,313 Total liabilities and shareholders' equity $232,313 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 26, 2020): a. Borrowed $18,271 from banks due in two years. b. Purchased additional investments for $21,400 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,575 in cash and signed a short-term note for $1,415. d. Issued additional shares of common stock for $1,474 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,013 for $19,013 cash. f. Declared $11,131 in dividends to be paid at the beginning of the next fiscal year. Required: 2. Post each transaction to the appropriate T-accounts. Note: Enter your answers in millions. \begin{tabular}{|l|l|r|r|} \hline \multicolumn{3}{|c|}{ Additional Paid-in Capital } \\ \hline \multicolumn{2}{|c|}{ Debit } & \multicolumn{2}{c|}{ Credit } \\ \hline Beginning Balance & & 23,612 & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & 23,612 \\ \hline \end{tabular} \begin{tabular}{|l|l|r|r|} \hline \multicolumn{3}{|c|}{ Retained Earnings } \\ \hline Debit & \multicolumn{2}{c|}{ Credit } \\ \hline Beginning Balance & & 88,160 & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & 88,160 & \\ \hline \end{tabular}