Required information [The following information applies to the questions displayed below.] The following accounts are taken from the financial statements of Facebook Inc. at September 30, 2016. (Amounts are in millions.) Accounts Payable Accounts Receivable Cash $ 1,540 390 3,550 Common Stock 12,200 Equipment 3,300 Income Tax Expense 390 Interest Expense 140 Notes Payable (long-term) 1,350 Prepaid Rent 1,550 Retained Earnings 3,500 Service Revenue 9,800 Short-Term Investments Software 7,200 2,600 Required: 1. Prepare a classified balance sheet at September 30, 2016. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Assets Current Assets Cash Prepaid Rent FACEBOOK, INC. Balance Sheet At September 30, 2016 (in millions) Liabilities Current Liabilities $ 3,650 Accounts Payable 1,650 Notes Payable (short-term) $ 590x 410 1. Prepare a classified balance sheet at September 30, 2016. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Assets Current Assets Cash Prepaid Rent Short-term Investments FACEBOOK, INC. Balance Sheet At September 30, 2016 (in millions) Liabilities Current Liabilities $ 3,650x Accounts Payable 1,650 Notes Payable (short-term) 7,400 x Total Current Assets 12,700 Total Current Liabilities Equipment Software 3,250 Notes Payable (long-term) 2,800 x Total Liabilities $ 590x 410 1,000 1,450 2,450 Stockholders' Equity Common Stock 12,600 x Retained Earnings 3,700 x 6,050 Total Stockholders' Equity $ 18,750 16,300 $ 18,750 Total Assets Total Liabilities and Stockholders' Equity *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no paints deducted