Use the Consolidated Balance Sheet of the Global Conglomerate Corporation provided and consider the following potential events that might have taken place on December $30,2022$:

Global used $$10$ million of its available cash to repay $$10$ million of its long$-$term debt that matures in one year.

Global used $$5$ million of its available cash and borrowed $$30$ million in the form of long$-$ term debt to purchase a $$35$ million building.

A customer of Global owning $$5$ million for services that have already been provided by Global declared bankruptcy, which left no possibility for Global to receive these payments.

iv$.$ Global's engineers develop a new manufacturing technology that will substantially reduce the cost of its productions by $30\%.$

For each one above $($in all cases, ignore any tax consequences for simplicity$)$:

$($a$)$ Explain whether the Global's Consolidated Balance Sheet would be affected.

If your answer to part $($a$)$ is "Yes", answer the following questions as well:

$($b$)$ Explain which line entries in the balance sheet would be affected.

$($c$)$ Calculate how much the change is$.$

$($d$)$ Calculate the change to Global's book value of equity.

GLOBAL CONGLOMERATE CORPORATION

Consolidated Balance Sheet

Year Ended December $31($in $ million$)$

Assets

$2022$

Liabilities and Stockholders' Equity

$2022$

$2021$

Current Assets

Current Liabilities

Cash

$21\mathrm{.}2$

Accounts payable

$29\mathrm{.}2$

$24\mathrm{.}5$

Accounts receivable

$18\mathrm{.}5$

Notes payable$/$short$-$term debt

$3\mathrm{.}5$

$3\mathrm{.}2$

Inventories

$15\mathrm{.}3,14\mathrm{.}3$

Current maturities of long$-$term debt

$13\mathrm{.}3,12\mathrm{.}3$

Other current assets

$\backslash$table$[[2\mathrm{.}0,1\mathrm{.}0,$Other current liabilities$]]$

Total current assets

Total current liabilities

Long$-$Term Assets

Land

$22\mathrm{.}2$

$20\mathrm{.}7$

Buildings

$36\mathrm{.}5$

$30\mathrm{.}5$

Equipment

$39\mathrm{.}7,33\mathrm{.}2$

Less accumulated depreciation

$(18\mathrm{.}7)(17\mathrm{.}5)$ Deferred taxes

$7\mathrm{.}6$

$7\mathrm{.}4$

Net property, plant, and equipment

$79\mathrm{.}7$

$66\mathrm{.}9$

Other long$-$term liabilities

Goodwill and intangible assets

$20\mathrm{.}0,20\mathrm{.}0$

Total long$-$term liabilities

$107\mathrm{.}5$

$83\mathrm{.}7$

Other long$-$term assets

Total Liabilities

$155\mathrm{.}5,127\mathrm{.}7$

Total long$-$term assets

Stockholders' Equity

$22\mathrm{.}2$