P2-5 Part 4

4. Prepare a classified balance sheet for Mango at September 29, 2018, based on these transactions. (Enter your answers in millions.)

Required information P2-5 (Algo) Recording Transactions, Preparing 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.] 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). Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $18,289 from banks due in two years. b. Purchased additional investments for $23,200 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,594 in cash and signed a short-term note for $1,433. d. Issued additional shares of common stock for $1,492 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,030 for $19,030 cash. f. Declared $11,148 in dividends to be paid at the beginning of the next fiscal year. 4. Prepare a classified balance sheet for Mango at September 29, 2018, based on these transactions. (Enter your answers in millions.)