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Required information The following information applies to the questions displayed below] Southem Allen Interiors Incorporated is a leading manufacturer and retailer of home furnishings

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Required information The following information applies to the questions displayed below] Southem Allen Interiors Incorporated is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Southem Allen's June 30, 2019, trial balance. (The amounts shown represent millions of dollars) Accounts Payable Accounts Raivable Cass Common Stack 17 114 t Retained Earnings 29 314 158 170 33 337 27 76 Assume that the following events occurred in the following quarter Paid $50 cash for additional inventory b. Issued additional shares of common stock for $40 in cash c. Purchased equipment for $160. paid $75 in cash and signed a note to pay the remaining $85 in two years d Signed a short-term note to borrow $14 cash e. Conducted negotiations to purchase a sawmill, which is expected to cost $36. 6. Prepare a classified balance sheet at September 30, 2019. (Enter your answers in millions (ie, 10,000,000 should be entered as 1013 SOUTHERN ALLEN INTERIORS, INCORPORATED Balance Sheet On millions of dollars)

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