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The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions): 3,497 4,731 5,705 322 19,131 3,252 700 11,911
The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions): 3,497 4,731 5,705 322 19,131 3,252 700 11,911 3,991 40,757 Accounts payable Accounts receivable (net) Accrued liabilities Cash and cash equivalents Cost of goods sold Other current payables Current portion of long-term debt Other long-term liabilities Retained earnings as of 12/31/2021 Goodwill and other intangible assets (net) Salaries expense Interest and other debt expense, net Inventories Long-term debt Long-term notes payable Marketing, general and administration expenses Operating revenues Other current assets Other noncurrent assets Other shareholders' equity Common stock Property, plant and equipment (net) Short-term borrowings 3,165 3,037 4,626 9,734 6,600 13,060 41,875 847 5,326 (4,168) 25, 255 10,709 841 Required: Based on the information presented above, prepare the 12/31/2021 Balance Sheet for Krafty Foods. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated by a minus sign.) KRAFTY FOODS Balance Sheet At December 31, 2021 ($ in millions) Assets $ Total assets Liabilities and Shareholders' Equity CW MAR
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