Required Information [The following information applies to the questions displayed below.] Apple Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players and sells a variety of related software and services. The following is Apple's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). APPLE INC. CONSOLIDATED BALANCE SHEET September 27, 2014 (dollars in millions) Other current assets ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories Total current assets $ 13,844 11,233 17,460 2,111 23,833 68,531 Long-term investments 130,162 Property, plant, and equipment, net 20,624 Other noncurrent assets 12,522 $231,839 Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 30,196 Accrued expenses 18,453 Unearned revenue Short-term notes payable Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity: Common stock ($0.00001 per value) Additional paid-in capital Retained earnings Total stockholders' equity 8,491 6,308 63,448 28,987 27,857 120,292 1 23,312 88,234 111,547 Total liabilities and shareholders' equity $231,839 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 26, 2015): a. Borrowed $18,266 from banks due in two years. b. Purchased additional Investments for $21,000 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,571 in cash and signed a short-term note for $1,410. d. Issued additional shares of common stock for $1,469 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term Investments costing $18,810 for $18,810 cash. f. Declared $11,126 in dividends to be paid at the beginning of the next fiscal year.