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Brand Foods Wholesale Corporation operates more than 590 membership warehouses and employs more than 164,000 people. Its annual report included the following items at August 31, 2011 (in millions of dollars) %) (Click the icon to view the data.) Requirement 1. Prepare a condensed balance sheet including amounts for the following a. Inventory b. Total stockholders' equity c. Total liabilities Brand Foods Wholesale Corporation Balance Sheet August 31, 2011 (in millions) Assets Liabilities and Stockholders' Equity $ 4,024 Accounts payable Cash and cash equivalents Accounts receivable Inventories Property, net of accumulated depreciation Other assets S 6,582 2,097 1,258 4.257 996 Accrued liabilities 6,640 Long-term debt 12,369 Other liabilities 2,751 Total liabilities $ 14,194

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