Using the 2017 Motorola Solutions annual report (PDF on Sakai) and information from class, answer the following questions (note, the actual financial statements begin on page 45). Indicate page numbers as the numbers on the report, not the PDF page number. Please answer the following questions (please do not utilize the Statement of Cash Flows on page 49 for this exercise). Answers should be for the current year which ends 12/31/17.

Please write the numeric accounting equation for Motorola Solutions at year end.

Please show the change in retained earnings (both numerically and descriptively) from 12/31/16 to 12/31/17. This info can be found in the statement that contains the statement of retained earnings. You should start with the 12/31/16 number, show the additions and subtractions with a description next to it, and total to the 12/31/17 retained earnings.

Name an asset from page 47 that would likely have an adjusting entry at the end of the year? Please explain why this account would have adjusting entries.

Why is cash the first asset listed in the balance sheet? (we discussed this in class). What is a cash equivalent?

Did total revenue increase or decrease from the prior year? Did net income increase or decrease from the prior year?

Who are the independent auditors of Motorola Solutions and what was their conclusion (often referred to as the opinion)?

What is accumulated depreciation at the end of the current year? Why would that number be different than the depreciation expense? (Look in the footnotes).

Motorola Solutions reports intangible assets, net on the balance sheet. Identify the footnote number that contains the intangible asset information and name one of the intangible assets.

What footnote number is the tax footnote? Identify the largest significant component of deferred tax assets.

Identify the footnote number for the contingencies and indicate (with a YES or NO) as to whether Motorola Solutions has any contingencies.

(In millions, except per share amounts) Net sales from products Net sales from services 2017 2016 2015 3,772 $ 3,649 $ 2,608 6,380 1,686 1,670 3,356 3,024 979 568 195 1,282 2,389 6,038 1,649 1,520 3,169 2,869 1,000 553 249 1,067 3,676 2,019 5,695 1,625 1,351 2,976 2,719 1,021 620 84 994 Net sales Costs of products sales Costs of services sales Costs of sales Gross margin Selling, general and administrative expenses Research and development expenditures Other charges Operating earnings Other income (expense Interest expense, net (173) 107 (201) (205) Gains (losses) on sales of investments and businesses, net Other Total other expense Earnings from continuing operations before income taxes Income tax expense Earnings (loss) from continuing operations Loss from discontinued operations, net of tax Net earnings (loss) Less: Earnings attributable to noncontrolling interests Net earnings (loss) attributable to Motorola Solutions, Inc. Amounts attributable to Motorola Solutions, Inc. common stockholders: Earnings (loss) from continuing operations, net of tax Loss from discontinued operations, net of tax (206) 1,076 1,227 (151) (12) (223) 844 282 562 (77) 917 274 643 (30) 613 562 (151) (155) $ (155) $ (155) $ 560 $ 610 560 $ 640 (30) 610 Net earnings (loss) attributable to Motorola Solutions, Inc. Earnings (loss) per common share: 560 $ Basic: Continuing operations Discontinued operations (0.95) $ 3.30 $ 3.21 (0.15)