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The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions): Accounts payable 2,297 Accounts receivable (net) 3,531 Accrued
The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions):
Accounts payable | 2,297 | ||
Accounts receivable (net) | 3,531 | ||
Accrued liabilities | 4,505 | ||
Cash and cash equivalents | 202 | ||
Cost of goods sold | 17,931 | ||
Other current payables | 2,052 | ||
Current portion of long-term debt | 580 | ||
Other long-term liabilities | 10,711 | ||
Retained earnings as of 12/31/2021 | 2,791 | ||
Goodwill and other intangible assets (net) | 37,157 | ||
Salaries expense | 1,965 | ||
Interest and other debt expense, net | 1,837 | ||
Inventories | 3,426 | ||
Long-term debt | 8,534 | ||
Long-term notes payable | 5,400 | ||
Marketing, general and administration expenses | 11,860 | ||
Operating revenues | 35,875 | ||
Other current assets | 727 | ||
Other noncurrent assets | 4,126 | ||
Other shareholders equity | (2,968 | ) | |
Common stock | 24,055 | ||
Property, plant and equipment (net) | 9,509 | ||
Short-term borrowings | 721 | ||
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.)
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