! Required Information PB2-3 (Static) Recording Transactions in a Journal and T-Accounts); Preparing and Interpretin Balance Sheet [LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-5) (The following information applies to the questions displayed below.) Shake Shack Incorporated, which began as a hot dog stand in 2001, now has more than 200 locations worldwi- following is adapted from Shake Shack's financial statements for the quarter ended September 26, 2019. Dollar reported in millions. Accounts Payable $ 38 Accounts Receivable 14 Canh 29 Common Stock 255 Equipment 544 Intangible Assets 267 Inventory 2 Notes Payable (long-term) 519 Noten Payable (short-term) 40 Prepaid Rent 6 Retained Earnings 46 Short-Term Investments Assume that the following events occurred in the following quarter, which ended September 30, 2019. a. Paid $10 cash for additional Intangible assets. b. Issued additional shares of common stock for $50 in cash. c. Purchased equipment; paid $30 in cash and signed additional long-term loans for $70. d. Paid $9 cash for accounts payable owed at September 26. e. Conducted negotiations to purchase a farm, which is expected to cost $15. 36 PB2-3 (Static) Part 6 6. Prepare a classified balance sheet at September 30, 2019. (Enter your answers in millions (l.e., 10, 10).) SHAKE SHACK INCORPORATED Balance Sheet At September 30, 2019 (in millions of dollars) Assets Assets Cash Accounts Receivable Inventory Short-term Investments Prepaid Rent Total Current Assets $ 6 I Required Information Total Current Assets 0 $ 0 $ d