Question #2: Can You Reconstruct a Balance Sheet? Appearing on the following slide are the balance sheet accounts and amounts for an actual firm for a recent year. The amounts/accounts are in random order. Recast the Balance Sheet in its proper form. (50 points) Items appearing without a related dollar amount are section titles or section descriptions. $621.00 $337.80 $331.70 $50.20 $3,621.00 $16.60 $12,757.80 $59.10 $247.50 $898.50 -$66,328.60 $1,270.30 $47,510.80 $47,510.80 LIABILITIES AND SHAREHOLDERS' EQUITY Lease liability (current) Accrued interest Property and equipment Income taxes payable ASSETS Inventories, at cost, not in excess of market Total current liabilities Common stock, $.01 par value; authorized - 3.5 billion shares;issued - 1,660.6 million shares Long-term lease liability Current maturities of long-term debt Other taxes (current) Cash and equivalents Common stock in treasury, at cost; 914.3 and 893.5 million shares Current assets Investments in and advances to affiliates Total liabilities and shareholders' equity Total assets Long-term assets Lease right-of-use asset, net (long-term) Additional paid-in capital Accounts payable Retained earnings Net property and equipment Long-term debt Miscellaneous Assets (long term) Deferred revenues - initial franchise fees (long term) Accumulated other comprehensive income (loss) Goodwill Current liabilities Total shareholders' equity (deficit) Other long-term liabilities Long-term income taxes (payable) Shareholders' equity Accumulated depreciation and amortization Accounts and notes receivable Accrued payroll and other liabilities Total current assets Deferred income taxes (long term) Property and equipment, at cost Prepaid expenses and other current assets $13,261.20 $7,653.90 $988.20 $52,930.50 $24,160.00 $34,118.10 $2,584.00 $660.60 -$2,482.70 $2,677.40 -$8,210.30 $979.60 $2,265.90 -$14,890.90 $2,224.20 $1,035.70 $3,557.90 $1,318.10 $39,050.90 $385.00