16-BI Classified Balance Sheet Intel, the world's largest microprocessor chip company, lists the following balance sheet items for January 1, 2012 in millions): Property, plant, and equipment, at cost $58,073 Short-term investments 5,181 Common stock and capital in excess of par value 17,036 Cash and cash equivalents 5,065 Other accrued liabilities 2,814 Accounts receivable 3,650 Other current assets 7,880 Accumulated depreciation (34,446) Accounts payable Identified intangible assets 6,267 Inventories 4,096 Deferred income 1,929 Accrued advertising liability 1,134 Other assets 4,648 Other long-term liabilities 3,479 Accumulated other comprehensive income (loss) Goodwill 9,254 Accrued compensation and benefits 2,948 Long-term investments 1,451 Long-term deferred liabilities 2,617 Short-term debt 247 Long-term debt 7,084 Retained earnings 29,656 Prepare a balance sheet in proper form for Intel. Include the proper amount for accounts payable. (781) 700 PART 5 BASIC FINANCIAL ACCOUNTING