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P2-5 (Algo) Recording Transactions, Preporing Journal Entries, Posting to T-Accounts, Preparing the Balance Sheet, and Evaluating the Current Ratio LO2-2, 2.4, 2.5 [The following information applies to the questions displayed below.] Orange Incorporated, headquartered in Cupertino. Calfornia, 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). Assume that the following transactions (in milions) occurted during the next fiscal year (ending on September 26, 2020): a. Borrowed $18.293 from banks due in two years. b. Purchased additional investments for $23.600 cash, one-fith were long term and the rest were short term c. Purchased property, plant, and equipment paid $9.600 in cash and signed a short-term note for $1.438, d. Issued additional shares of common stock for $1,498 in cash, total par value was $1 and the rest was in excess of par. vaiue. e. Sold short-term investments costing $19.035 for $19.035 cash t. Declared $11154 in dividends to be paid at the beginning of the next fiscal yeat 4. Prepare a classified balance sheet for Orange at September 26, 2020, based on these transactions. Note: Enter your answers in millions