The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 Net sales Costs Depreciation (Figures in $ millions) Earnings before interest and taxes (EBIT) Interest expense Pretax income Federal taxes (@ 21%) Net income $ 27,571 17,573 1,406 $ 8,592 521 8,071 1,695 $ 6,376 Assets Current assets 2019 2018 Cash and marketable securities $ 2,340 $ 2,340 Receivables Inventories Other current assets 1,379 126 1,093 1,339 BALANCE SHEET OF QUICK BURGER CORP., 2019 (Figures in $ millions) Liabilities and Shareholders' Equity Current liabilities Accounts payable 2019 Debt due for repayment 121 Total current liabilities $ 3,407 $ 3,407 2018 $ 379 3,147 $ 3,526 620 Total current assets $ 4,938 $ 4,420 Fixed assets Property, plant, and equipment Intangible assets (goodwill) Other long-term assets Long-term debt $24,681 $22,839 Other long-term liabilities $13,637 3,061 $12,138 2,961 2,808 2,657 Total liabilities $20,105 $18,625 2,987 3,103 Total shareholders' equity 15,309 14,394 Total assets $35,414 $33,019 Total liabilities and shareholders' equity $35,414 $33,019 In 2019 Quick Burger had capital expenditures of $3,053.