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The following accounts are taken from the financial statements of Facebook Inc. at September 30, 2016. (Amounts are in millions.) Accounts Payable $ 2,600 Accounts

The following accounts are taken from the financial statements of Facebook Inc. at September 30, 2016. (Amounts are in millions.)

Accounts Payable $ 2,600
Accounts Receivable 3,100
Cash 6,000
Common Stock 15,700
Equipment 7,900
Income Tax Expense 790
Interest Expense 50
Notes Payable (long-term) 3,000
Prepaid Rent 1,100
Retained Earnings 38,400
Service Revenue 7,000
Short-Term Investments 20,100
Software 21,500

  1. Using the balance sheet, indicate whether the total assets of Facebook Inc. at the end of the year were financed primarily by liabilities or by stockholders' equity.

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