The following are the summary account balances from a recent statement of financial position of Modern Sportswear Inc. The accounts are followed by a list of transactions for the month of January 2018. All amounts are shown in millions of dollars:

Cash $ 690 Accounts payable $ 1,987

Long-term borrowings 2,504 Income tax payable 410

Accounts receivable 1,668 Prepaid expenses 27

Inventories 661 Retained earnings 5,047

Deferred income taxes (credit) 2,793 Other non-current assets 1,291

Property and equipment, net 12,134 Contributed capital 3,730

The accounts have normal debit or credit balances, but they are not necessarily listed in good order.

The following additional information is also available:

a. Purchased new equipment costing $260 by issuing long-term debt.

b. Received $1,010 on Accounts receivable.

c. Received and paid the telephone bills for $1.

d. Earned $665 in sales to customers on account; the cost of sales was $355.

e. Paid employees $155 for wages earned in January.

f. Paid half of the income taxes payable.

g. Purchased inventory for $388 on account.

h. Prepaid rent for February for a warehouse for $23.

i. Paid $10 of long-term borrowings and $1 in interest on the debt.

j. Purchased a patent (an intangible asset) for $19 cash.

How can I do the T account?

Prepare the statement of earning for the month January 2018?

Prepare classifieds statement of financial position as at January 31, 2018?

Compute the companys total asset turnover ratio?

Thank you