Problem # 1 Obtain Proctor and Gamble's 2020 (P&G) Annual Report 1. a) What was the total current portion of P&G long-term debt at June 30, 2020? b) What would have been the effect on working capital on June 30, 2020 if the current portion of long-term debt had not been properly reclassified? State the direction and dollar amount. 2. Prepare the journal entry to record the declaration and payment of cash dividends for fiscal year 2020 (assume declaration and payment occurs simultaneously). 3. How much is accumulated depreciation on PPE at June 30, 2020? 4. a) How much cash was received from the sale (disposal) of property, plant, and equipment (assets) during fiscal year 2020? b) How much was the book value of the PPE (assets) sold during fiscal year 2020? 5. Refer to Note 10 (with respect to long-term debt maturities). P&G is scheduled to pay debt maturities each fiscal year-end as indicated in the notes. At June 30, 2020, what was the present value of P&G's fourth debt payment (due June 30, 2024)? (assume a 4% interest rate). Problem # 1 Obtain Proctor and Gamble's 2020 (P&G) Annual Report 1. a) What was the total current portion of P&G long-term debt at June 30, 2020? b) What would have been the effect on working capital on June 30, 2020 if the current portion of long-term debt had not been properly reclassified? State the direction and dollar amount. 2. Prepare the journal entry to record the declaration and payment of cash dividends for fiscal year 2020 (assume declaration and payment occurs simultaneously). 3. How much is accumulated depreciation on PPE at June 30, 2020? 4. a) How much cash was received from the sale (disposal) of property, plant, and equipment (assets) during fiscal year 2020? b) How much was the book value of the PPE (assets) sold during fiscal year 2020? 5. Refer to Note 10 (with respect to long-term debt maturities). P&G is scheduled to pay debt maturities each fiscal year-end as indicated in the notes. At June 30, 2020, what was the present value of P&G's fourth debt payment (due June 30, 2024)? (assume a 4% interest rate)