Southern Allen Interiors Incorporatedis a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Southern Allens June 30, 2019, trial balance. (The amounts shown represent millions of dollars.)

Accounts Payable$ 112Accounts Receivable26Cash132Common Stock22Equipment355Inventory168Notes Payable (long-term)215Notes Payable (short-term)2Prepaid Rent24Retained Earnings373Salaries and Wages Payable36Software55

Assume that the following events occurred in the following quarter.

1. Paid $50 cash for additional inventory.
2. Issued additional shares of common stock for $15 in cash.
3. Purchased equipmentfor $250; paid $120 in cash and signed a note to pay the remaining $130 in two years.
4. Signed a short-term note to borrow $11 cash.
5. Conducted negotiations to purchase a sawmill, which is expected to cost $30.

Ethan Allen Interiors Incorporated is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Ethan Allens June 30, 2019, trial balance. (The amounts shown represent millions of dollars.)

Accounts Payable$ 93Accounts Receivable14Cash21Common Stock363Equipment245Inventory162Notes Payable (long-term)23Notes Payable (short-term)9Prepaid Rent19Retained Earnings1Salaries and Wages Payable21Software49

Assume that the following events occurred in the following quarter.

1. Paid $10 cash for additional inventory.
2. Issued additional shares of common stock for $20 in cash.
3. Purchased equipmentfor $170; paid $15 in cash and signed a note to pay the remaining $155 in two years.
4. Signed a short-term note to borrow $10 cash.
5. Conducted negotiations to purchase a sawmill, which is expected to cost $36.

PA2-3 (Static) Part 6

1. Prepare a classified balance sheet at September 30, 2019. (Enter your answers in millions

6. Prepare a classified balance sheet at September 30, 2019. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)