Tech Supplies Company, Incorporated, is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended February 1, 2020, are shown below. Current assets: Tech Supplies Company, Incorporated Balance Sheet At February 1, 2020 ($ in millions) Assets Cash and cash equivalents Accounts receivable (net) Inventory Other current assets Total current assets Long-term assets $ 2,136 1,242 5,067 424 8,869 3,713 Total assets $ 12,582 Liabilities and Shareholders' Equity Current liabilities: Accounts payable Other current liabilities Long-term liabilities $ 5,250 4,075 Total current liabilities Shareholders' equity 9,325 2,248 1,009 Total liabilities and shareholders' equity $ 12,582 Revenues Tech Supplies Company, Incorporated Income Statement For the Year Ended February 1, 2020 Costs and expenses Operating income ($ in millions) Other income (expense)* Income before income taxes $ 39,608 38,169 1,439 (81) 1,358