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TB Problem 2-136 (Algo) The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions): 3,197 4,431 5, 405
TB Problem 2-136 (Algo) The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions): 3,197 4,431 5, 405 292 18,831 670 Accounts payable Accounts receivable (net) Accrued liabilities Cash and cash equivalents Cost of goods sold Other current payables Current portion of long-term debt Other long-term liabilities Retained earnings as of 12/31/2021 Goodwill and other intangible assets (net) Salaries expense Interest and other debt expense, net Inventories Long-term debt Long-term notes payable Marketing, general and administration expenses Operating revenues Other current assets Other noncurrent assets Other shareholders' equity Common stock Property, plant and equipment (net) Short-term borrowings 11,611 3,691 39,857 2,865 2,737 4,326 9,434 6,300 12,760 40,375 817 5,026 (3,868) 24,955 10,409 811 Required: Based on the information presented above, prepare the 12/31/2021 Balance Sheet for Krafty Foods. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated by a minus sign.) KRAFTY FOODS Balance Sheet At December 31, 2021 ($ in millions) Assets Total assets Liabilities and Shareholders' Equity Total liabilities Total shareholders' equity Total liabilities and shareholders' equity
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