Starbucks is a coffee company-a big coffee company. During a 10-year period, the number of Starbucks locations in China grew from 24 to over 1,000. The following is adapted from Starbucks's annual report for the year ended October 2, 2019, and dollars are reported in millions. 55 Accounts Payable Accounts Receivable Cash Common Stock Equipment Intangible Assets Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Short-Term Investments $ 4,150 770 2,130 630 4,530 5,040 1,380 3,200 400 350 5,950 130 Assume that the following events occurred in the following quarter, which ended December 31, 2019. Dollars are in millions a. Paid $1,000 cash for additional intangible assets. b.issued additional shares of common stock for $10,000 in cash. Purchased equipment; paid $4900 in cash and signed additional long-term loans for $9,500 d. Paid $800 cash for accounts payable owed at October 2. e. Conducted negotiations to purchase a coffee farm, which is expected to cost $8,400. Requirement General Journal General Ledger Trial Balance Balance Sheet Analysis Current Ratio General Journal tab - Prepare the Journal entries to record the transactions (a) through (e). Review the accounts as shown in the General Ledger and Trial Balance tabs. General Ledger tab - Each journal entry is posted automatically to the general ledger. Trial Balance tab - The ending balance values from the General Ledger tab flows through to the Trial Balance tab. Balance Sheet tab - Prepare a classified balance sheet at December 31, 2019, Analysis tab - Using the information from the requirements above, complete the 'Analysis' tab. Impact on Current Ratio tab - Calculate the Current Ratio and analyze the impact of the current ratio