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The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions): Accounts payable Accounts receivable (net) Accrued liabilities Cash
The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions): 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 2,097 3,331 4,305 182 17,731 1,852 560 10,511 2,591 36,557 1,765 1,637 3, 226 8,334 5,200 11,660 34,875 707 3,926 (2,768) 23,855 9,309 701 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 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 Liabilities and Shareholders' Equity Total liabilities Total shareholders' equity Total liabilities and shareholders' equity
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