Problem 2: Preparation of Balance Sheets For Nike, Inc., the alphabetical list of accounts appears below. Required: a. Prepare classified balance sheet accounts provided below in alphabetical order, prepare classified balance sheets as of May 31 the closing date of 2021 and 2020. b. Identify three accounts that changed between the beginning and end of the year and provide a likely reason for the change. 2021 2020 Accounts payable. Accounts receivable, net. Accrued liabilities $2,836 $2,248 4,463 2,749 6,063 5,184 Cash and equivalents. 9,889 8,348 Common stock . . . 9,588 8,246 Current portion of long-term debt.. 2 251 Current portion of operating lease liabilities 467 445 Goodwill... 242 223 Identifiable intangible assets, net. 269 274 Income taxes payable 306 156 Inventories .. 6,854 7,367 Long-term debt . 9,413 9,406 Operating lease liabilities, long term. 2,931 2,913 Operating lease right-of-use assets, net 3,113 3,097 Other long-term assets. . 2,921 2,326 Other long-term liabilities. 2,955 2,684 Prepaid expenses and other current assets. 1,498 1,653 Property, plant and equipment, net 4,904 4,866 Retained earnings (deficit). 3,179 (191) Short-term investments 3,587 439