White Magnolia Inc. is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from White Magnolias September 30, 2016, trial balance. (The amounts shown represent millions of dollars.)

Accounts Payable $132

Accounts Receivable 30

Cash 140

Common Stock 30

Equipment 375

Inventory 176

Notes Payable (long-term) 235

Notes Payable (short-term) 2

Prepaid Rent 32

Retained Earnings 389

Salaries and Wages Payable 40

Software 75

Assume that the following events occurred in the following quarter.

a) Paid $35 cash for additional inventory.

b) Issued additional shares of common stock for $15 in cash.

c) Purchased equipment for $210; paid $100 in cash and signed a note to pay the remaining $110 in two years.

d) Signed a short-term note to borrow $15 cash.

e) Conducted negotiations to purchase a sawmill, which is expected to cost $38.

Prepare a classified Balance Sheet at December 31st, 2016. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

Balance Sheet At December 31, 2016 (in millions of dollars)