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The following financial statements were reported for a firm for fiscal year 2012 (in millions of dollars): Balance Sheet 2012 2011 2012 2011 60 50

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The following financial statements were reported for a firm for fiscal year 2012 (in millions of dollars): Balance Sheet 2012 2011 2012 2011 60 50 Accounts payable 1,200 1,040 Operating cash Short-term investments (at market) Accounts receivable Inventory Property and plant 550 500 940 790 910 840 2840 2.710 5.300 4.890 Accrued liabilities Long-term debt Common equity 390 450 1,840 1,970 1.870 1.430 51300 4890 Statement of Shareholders' Equity Balance, end of fiscal year 2011 Share issues Repurchase of 24 million shares Cash dividend Unrealized gain on debt investments Net income Balance, end of fiscal year 2012 1,430 822 (720) (180) 50 468 1,870 que was The firm's income tax rate is 35%. The firm reported $15 million in interest income and $98 million in interest expense for 2012. Sales rev $3,726 million a. Reformulate the balance sheet for 2012 in a way that distinguishes operating and financing activities. Also reformulate the equity statement b. Prepare a reformulated statement of comprehensive income, The following financial statements were reported for a firm for fiscal year 2012 (in millions of dollars): Balance Sheet 2012 2011 2012 2011 60 50 Accounts payable 1,200 1,040 Operating cash Short-term investments (at market) Accounts receivable Inventory Property and plant 550 500 940 790 910 840 2840 2.710 5.300 4.890 Accrued liabilities Long-term debt Common equity 390 450 1,840 1,970 1.870 1.430 51300 4890 Statement of Shareholders' Equity Balance, end of fiscal year 2011 Share issues Repurchase of 24 million shares Cash dividend Unrealized gain on debt investments Net income Balance, end of fiscal year 2012 1,430 822 (720) (180) 50 468 1,870 que was The firm's income tax rate is 35%. The firm reported $15 million in interest income and $98 million in interest expense for 2012. Sales rev $3,726 million a. Reformulate the balance sheet for 2012 in a way that distinguishes operating and financing activities. Also reformulate the equity statement b. Prepare a reformulated statement of comprehensive income

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