The balance sheet provides a snapshot of the financial condition of a company. Investors and analysts use the information given on the balance sheet and other financial statements to make several interpretations regarding the company's financial condition and performance.

Cute Camel Woodcraft Company is a hypothetical company. Suppose it has the following balance sheet items reported at the end of its first year of operation. For the second year, some parts are still incomplete. Use the information given to complete the balance sheet.

Cute Camel Woodcraft CompanyBalance Sheet for Year Ending December $31($Millions of Dollars$)$

$\backslash$table$[[,$Year $2,,$Year $1,,$Year $2,$Year $1],[$Assets$,,,,$Liabilities and equity$],[$Current assets:,,,,Current liabilities:$],[$Cash and equivalents,,grad,$$5,535,$Accounts payable,$$0,$$$0$