Recreate the journal entry (accounts and amounts) that Hershey made to record the most recent fiscal year's amortization expense on finite-life intangible assets

4 of 8 - + 70% HERSHEY CONSOLIDATED STATEMENTS OF CASH FLOWS In millions Year ended Year ended Year ended OPERATING ACTIVITIES Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Net Income $ 1,147 $ 1,171 $ 757 Adjustments to reconcile net income to cash from operations: HERSHEY Depreciation and amortization expense 291 295 26 CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY Stock-based compensation expense 52 49 51 In millions) Asset impairment charges 112 58 209 Bad debt expense 159 223 167 Accumulated Other, net (66) (100) (5) Additional Other Total Changes in assets and liabilities: Common Paid-in Treasury Retained Comprehensive Stockholders' Accounts receivable 25 (6) (7) Stock Capital Stock Earnings Income Equity Inventories (30) (33) (71 ) Balance, December 31, 2017 $ 355 $ 742 $ (6,371) $ 6,430 (224) $ 932 Prepaid expenses and other current assets 32 9 18 Net income 1,171 1,171 Accounts payable and other accrued liabilities 58 (3) (124) Exercise of stock options 61 63 Other, net (16) (63) (6) Stock-based compensation 49 Net cash provided by operating activities 1,764 1,600 1,250 Stock repurchased (248) 1 (248) INVESTING ACTIVITIES Cash dividends (563) (563) Purchases of PP&E (318) (329) (258) Other comprehensive income Proceeds from disposals of PP&E 28 50 Proceeds from sales of businesses, net of cash divested 167 Balance, December 31, 2018 $ 357 $ 852 $ (6,619) $ 7,038 $ (221) $ 1,407 Equity investments (80) (53) (79) Net income 1, 147 1,147 Business acquisitions, net of cash acquired (402) (1,392) Exercise of stock options 3 23 241 Other, net (8) 54 Stock-based compensation 52 52 Net cash used in investing activities (780) (1,503) (329) Stock repurchased (527) 527) FINANCING ACTIVITIES Cash dividends (610) (610) Net (decrease )/increase in short-term debt (1, 168) 646 (81 ) Long-term borrowings 1,200 35 990 Other comprehensive income 35 Repayment of long-term debt (7) (911) Balance, December 31, 2019 $ 360 $ 1,142 $ (7,146) $7.575 $ (186 $ 1,745 Cash dividends paid (610 ) (563) (526) Stock repurchases (527) (248) (300) Exercise of employee stock options 241 63 63 Other, net (71) Net cash provided by/(used in) financing activities (1,081) 116 (844) Effect of exchange rates (5) NET INCREASE IN CASH AND CASH EQUIVALENTS (95) 208 83 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 588 380 297 CASH AND CASH EQUIVALENTS, END OF PERIOD $ 493 $ 588 $380 Hershey Financial Statements for Final Exam, Page3 of 8