Using the following financial statements from Apple Inc, please help me answer the following questions below. I have attached images of everything you may need to answer these questions.

Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in millions, except number of shares which are reflected in thousands and par value) September 26, 2020 September 28, 2019 ASSETS: $ $ Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets 38,016 52,927 16,120 4,061 21,325 11,264 143,713 48,844 51,713 22,926 4,106 22,878 12,352 162,819 Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets 100,887 36,766 42,522 180,175 323,888 105,341 37,378 32,978 175,697 338,516 $ $ LIABILITIES AND SHAREHOLDERS' EQUITY: $ $ Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities 42,296 42,684 6,643 4,996 8,773 106,392 46,236 37,720 5,522 5,980 10,260 105,718 Non-current liabilities: Term debt Other non-current liabilities Total non-current liabilities Total liabilities 98,667 54,490 153,157 258,549 91,807 50,503 142,310 248,028 Commitments and contingencies Shareholders' equity Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized: 16,976,763 and 17,772,945 shares issued and outstanding, respectively Retained earnings Accumulated other comprehensive income/(loss) Total shareholders' equity Total liabilities and shareholders' equity 50,779 14,966 (406) 65,339 323,888 45,174 45,898 (584) 90,488 338,516 $ $ Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (in Millions) Twelve Months Ended September 26, September 28, 2020 2019 Cash, cash equivalents and restricted cash, beginning balances $ 50,224 25,913 Operating activities: Net income 57,411 55,256 Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization 11,056 12,547 Share-based compensation expense 6,829 6,068 Deferred income tax benefit (215) (340) Other (97) (652) Changes in operating assets and liabilities: Accounts receivable, net 6,917 245 Inventories (127) (289) Vendor non-trade receivables 1,553 2,931 Other current and non-current assets (9,588) 873 Accounts payable (4,062) (1,923) Deferred revenue 2,081 (625) Other current and non-current liabilities 8,916 (4,700) Cash generated by operating activities 80,674 69,391 Investing activities: Purchases of marketable securities (114,938) (39,630) Proceeds from maturities of marketable securities 69,918 40,102 Proceeds from sales of marketable securities 50,473 56,988 Payments for acquisition of property, plant and equipment (7,309) (10,495) Payments made in connection with business acquisitions, net (1,524) (624) Purchases of non-marketable securities (210) (1,001) Proceeds from non-marketable securities 92 1,634 Other (791) (1,076) Cash generated by used in investing activities (4,289) 45,490 Financing activities Proceeds from issuance of common stock 880 781 Payments for taxes related to net share settlement of equity awards (3,634) (2,817) Payments for dividends and dividend equivalents (14,081) (14,119) Repurchases of common stock (72,358) (66,897) Proceeds from issuance of term debt, net 16,091 6,963 Repayments of term debt (12,629) (8,805) Repayments of commercial paper, net (963) (5,977) Other (126) (105) Cash used in financing activities (86,820) (90,976) Increase/Decrease) in cash, cash equivalents and restricted cash (10,435) 24,311 Cash, cash equivalents and restricted cash, ending balances $ 39,789 50,224 Supplemental cash flow disclosure: Cash paid for income taxes, net $ 9,501 $ 15,263 Cash paid for interest $ 3,002 $ 3,423 A. Identify the names of the basic financial statements contained in each companies' (the assigned company and the chosen competitors) annual report. B. Using the Balance Sheet, answer the following questions for the assigned company and the chosen competitor: 1. Is the balance sheet classified (separate categories within assets, liabilities and equity)? 2. Did your companies present comparative balance sheets (two or more years)? 3. Identify the dollar amount your two companies reported for each of the following. Prepare a table similar to the chart that follows and express each subtotal as a percentage of total assets. This is called a common-sized balance sheet and should be prepared for all years reported on the comparative balance sheet. The percentages for items a - e should add to 100% or you should include additional categories that match the content of the respective company's balance sheet. The percentages for items f-k, should add to 100% or you should explain why they do not add to 100%. Briefly discuss how the percentages changes over the two comparative years reported on the balance sheet. Briefly discuss the percentage division of assets (among the five categories) and the percentage division of liabilities and equity (among the five or six categories). The use of EXCEL for this part is required. COMPANY NAME YEAR Common Sized % AMOUNT $ $ $ $ $ a. Current assets b. Investments c. Property, plant & equipment d. Intangibles e. Other long-term assets f. Current liabilities g. Long-term liabilities h. Contributed Capital i. Retained earnings j. Treasury Stock k. Other Comprehensive Income $ S $ $ $ S Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in millions, except number of shares which are reflected in thousands and par value) September 26, 2020 September 28, 2019 ASSETS: $ $ Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets 38,016 52,927 16,120 4,061 21,325 11,264 143,713 48,844 51,713 22,926 4,106 22,878 12,352 162,819 Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets 100,887 36,766 42,522 180,175 323,888 105,341 37,378 32,978 175,697 338,516 $ $ LIABILITIES AND SHAREHOLDERS' EQUITY: $ $ Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities 42,296 42,684 6,643 4,996 8,773 106,392 46,236 37,720 5,522 5,980 10,260 105,718 Non-current liabilities: Term debt Other non-current liabilities Total non-current liabilities Total liabilities 98,667 54,490 153,157 258,549 91,807 50,503 142,310 248,028 Commitments and contingencies Shareholders' equity Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized: 16,976,763 and 17,772,945 shares issued and outstanding, respectively Retained earnings Accumulated other comprehensive income/(loss) Total shareholders' equity Total liabilities and shareholders' equity 50,779 14,966 (406) 65,339 323,888 45,174 45,898 (584) 90,488 338,516 $ $ Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (in Millions) Twelve Months Ended September 26, September 28, 2020 2019 Cash, cash equivalents and restricted cash, beginning balances $ 50,224 25,913 Operating activities: Net income 57,411 55,256 Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization 11,056 12,547 Share-based compensation expense 6,829 6,068 Deferred income tax benefit (215) (340) Other (97) (652) Changes in operating assets and liabilities: Accounts receivable, net 6,917 245 Inventories (127) (289) Vendor non-trade receivables 1,553 2,931 Other current and non-current assets (9,588) 873 Accounts payable (4,062) (1,923) Deferred revenue 2,081 (625) Other current and non-current liabilities 8,916 (4,700) Cash generated by operating activities 80,674 69,391 Investing activities: Purchases of marketable securities (114,938) (39,630) Proceeds from maturities of marketable securities 69,918 40,102 Proceeds from sales of marketable securities 50,473 56,988 Payments for acquisition of property, plant and equipment (7,309) (10,495) Payments made in connection with business acquisitions, net (1,524) (624) Purchases of non-marketable securities (210) (1,001) Proceeds from non-marketable securities 92 1,634 Other (791) (1,076) Cash generated by used in investing activities (4,289) 45,490 Financing activities Proceeds from issuance of common stock 880 781 Payments for taxes related to net share settlement of equity awards (3,634) (2,817) Payments for dividends and dividend equivalents (14,081) (14,119) Repurchases of common stock (72,358) (66,897) Proceeds from issuance of term debt, net 16,091 6,963 Repayments of term debt (12,629) (8,805) Repayments of commercial paper, net (963) (5,977) Other (126) (105) Cash used in financing activities (86,820) (90,976) Increase/Decrease) in cash, cash equivalents and restricted cash (10,435) 24,311 Cash, cash equivalents and restricted cash, ending balances $ 39,789 50,224 Supplemental cash flow disclosure: Cash paid for income taxes, net $ 9,501 $ 15,263 Cash paid for interest $ 3,002 $ 3,423 A. Identify the names of the basic financial statements contained in each companies' (the assigned company and the chosen competitors) annual report. B. Using the Balance Sheet, answer the following questions for the assigned company and the chosen competitor: 1. Is the balance sheet classified (separate categories within assets, liabilities and equity)? 2. Did your companies present comparative balance sheets (two or more years)? 3. Identify the dollar amount your two companies reported for each of the following. Prepare a table similar to the chart that follows and express each subtotal as a percentage of total assets. This is called a common-sized balance sheet and should be prepared for all years reported on the comparative balance sheet. The percentages for items a - e should add to 100% or you should include additional categories that match the content of the respective company's balance sheet. The percentages for items f-k, should add to 100% or you should explain why they do not add to 100%. Briefly discuss how the percentages changes over the two comparative years reported on the balance sheet. Briefly discuss the percentage division of assets (among the five categories) and the percentage division of liabilities and equity (among the five or six categories). The use of EXCEL for this part is required. COMPANY NAME YEAR Common Sized % AMOUNT $ $ $ $ $ a. Current assets b. Investments c. Property, plant & equipment d. Intangibles e. Other long-term assets f. Current liabilities g. Long-term liabilities h. Contributed Capital i. Retained earnings j. Treasury Stock k. Other Comprehensive Income $ S $ $ $ S