Required information [The following information applies to the questions displayed below.] Orange Incorporated, headquartered in Cupertino, California, designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories, and sells a variety of related services. The following is Orange's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). ORANGE INCORPORATED CONSOLIDATED BALANCE SHEET September 28, 2019 (dollars in millions) ASSETS Current assets: Cash $14,004 Other current assets Short-term investments Accounts receivable Inventories Total current assets 11,361 17,656 2,131 24,107 69,259 Long-term investments 131,546 Property, plant, and equipment, 20,844 net Other noncurrent assets 12,658 Total assets $234,307 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $30,520 Accrued expenses 18,653 Unearned revenue 8,587 Short-term debt 6,376 Total current liabilities 64,136 Long-term debt 29,303 Other noncurrent liabilities 28,157 Total liabilities 121,596 Stockholders' equity: value) Common stock ($0.00001 par Retained earnings Additional paid-in capital Total stockholders' equity Total liabilities and 1 25,112 87,598 112,711 $234,307 shareholders' equity Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 26, 2020): a. Borrowed $18,296 from banks due in two years. b. Purchased additional investments for $23,800 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,603 in cash and signed a short-term note for $1,440. d. Issued additional shares of common stock for $1,500 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,038 for $19,038 cash. f. Declared $11,156 in dividends to be paid at the beginning of the next fiscal year.