Including the liabilities and stockholder’s equity. Please complete with the given format please. ### Instructions for Completing a Classified Balance Sheet**Purpose:** To prepare a classified balance sheet for a company named "Orange Incorporated" as of September 26, 2020, based on various transactions.**Note:** Enter all financial figures in millions.---### Orange Incorporated**Balance Sheet**- **Date:** September 26, 2020- **Time Frame:** For the Year Ended September 26, 2020---### Guide to Entering Data:It appears that there are input fields for financial data to be entered in a structured format. Given the layout and standardized lines, the balance sheet will typically include but might not be limited to the following sections:1. **Assets** - Current Assets - Cash and Cash Equivalents - Accounts Receivable - Inventory - Prepaid Expenses - Non-Current Assets - Long-term Investments - Property, Plant, and Equipment - Intangible Assets 2. **Liabilities** - Current Liabilities - Accounts Payable - Short-term Debt - Accrued Liabilities - Long-term Liabilities - Long-term Debt - Deferred Tax Liabilities 3. **Equity** - Common Stock - Retained Earnings - Additional Paid-in Capital---### Graphical Elements:The image does not feature any graphs or diagrams. It provides a structured table; each section is designed to align financial data efficiently for summarizing the company’s financial position as of the specified date.When filling out the balance sheet, ensure that the totals for Assets are equal to the combined totals of Liabilities and Equity to maintain the accounting equation's integrity:**Assets = Liabilities + Equity**---For a detailed walkthrough on completing each section, refer to our guides on:- Calculating Current Assets and Liabilities- Determining Long-term Financial Position- Equity Valuation TechniquesFor additional resources, templates, and examples, visit our educational portal's Accounting section. ### Orange Incorporated: Consolidated Balance Sheet**As of September 28, 2019***(Dollars in millions)*#### Assets**Current assets:**- **Cash:** $13,924- **Short-term investments:** $11,297- **Accounts receivable:** $17,559- **Inventories:** $4,106- **Other current assets:** $2,122**Total current assets:** $24,007**Long-term investments:** $68,909**Property, plant, and equipment, net:** $130,880**Other noncurrent assets:** $20,737**Total assets:** $233,118#### Liabilities and Stockholders' Equity**Current Liabilities:**- **Accounts payable:** $30,363- **Accrued expenses:** $18,555- **Unearned revenue:** $8,539- **Short-term debt:** $6,343**Total current liabilities:** $63,800**Long-term debt:** $29,148**Other noncurrent liabilities:** $28,010**Total liabilities:** $120,958**Stockholders’ equity:**- **Common stock ($0.00001 par value):** $1- **Additional paid-in capital:** $23,912- **Retained earnings:** $88,247**Total stockholders' equity:** $112,160**Total liabilities and shareholders' equity:** $233,118---**Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 26, 2020):**a. **Borrowed $18,279 from banks due in two years.**b. **Purchased additional investments for $22,200 cash; one-fifth were long-term and the rest were short term.**c. **Purchased property, plant, and equipment; paid $9,584 in cash and signed a short-term note for $1,422.**d. **Issued additional shares of common stock for $1,481 in cash; total par value was $1 and the rest was in excess of par value.**e. **Sold short-term investments costing $19,021 for $19,021 cash.**f. **Declared $11,138 in dividends to be paid at the beginning of the next fiscal year.**

Balance Sheet -Balance Sheet is a financial Statement that includes Assets, Liabilities and…

ASSETS Current assets: Cash ORANGE INCORPORATED CONSOLIDATED BALANCE SHEET September 28, 2019 (dollars in millions) Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable Accrued expenses Unearned revenue Short-term debt Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity: Common stock ($0.00001 par value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity $13,924 11,297 17,559 2,122 24,007 68,909 130, 880 20,737 12,592 $233,118 $30,363 18,555 8,539 6,343 63,800 29, 148 28,010 120,958 1 23,912 88,247 112, 160 $233, 118 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 26, 2020): a. Borrowed $18,279 from banks due in two years. b. Purchased additional investments for $22,200 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,584 in cash and signed a short-term note for $1,422. d. Issued additional shares of common stock for $1,481 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,021 for $19,021 cash. f. Declared $11,138 in dividends to be paid at the beginning of the next fiscal year.

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q