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 Company Balance Sheet for Year Ending December 31 (Millions of Dollars) Year 2 Year 1 Year 1 Year 2 Uabiitles and equity Current liabilities: Current assets Cash and equivalents $1,107 Accounts payable $0 $0 405 Accruals Accounts receivable 399 1,188 Notes payable 375 1,485 Inventories $2,700 Total current liabilities $3,375 Total current assets 1,406 Long-term debt 1,125 Net fixed assets Net plant and equipment $3,300 Total debt $1,875 $1,500 Common equity: Common stock 1,575 Retained earnings $5,625 $4,500 Total common equity $6,000 $6,000 Total liabilities and equity $7,500 $7,500 Total assets