Using each line item of data found below re-create the company’s balance sheet and income statement
(millions) |
2020 |
2019 |
Sales |
$256,776 |
$194,579 |
Total assets |
$222,449 |
$196,456 |
Total liabilities and equity |
$222,449 |
$196,456 |
Total liabilities |
159,279 |
137,913 |
Less: Cost of goods sold |
158,719 |
156,447 |
Gross profit |
98,057 |
38,132 |
Other noncurrent assets |
82,499 |
83,724 |
Less: Selling, general, & administrative expenses |
81,699 |
25,244 |
Long-term debt |
64,699 |
71,444 |
Total equity |
63,170 |
58,543 |
Other long-term investments |
56,744 |
56,140 |
Total current liabilities |
53,303 |
44,009 |
Total current assets |
50,302 |
45,243 |
Retained earnings |
46,283 |
41,136 |
Common stock and additional paid-in capital |
45,816 |
45,317 |
Property, plant, & equipment, gross |
28,934 |
26,869 |
Less: Treasury stock |
28,929 |
27,910 |
Accounts payable |
23,093 |
20,316 |
Right-of-use leased assets |
20,860 |
|
Accounts receivable, net |
19,617 |
17,631 |
Long-term operating lease liabilities |
18,926 |
|
Less: Accumulated depreciation |
16,890 |
15,520 |
Inventories |
15,516 |
16,450 |
Other long-term liabilities |
14,057 |
14,783 |
Other accrued expenses |
12,133 |
10,711 |
Property, plant, & equipment, net |
12,044 |
11,349 |
Operating profit (EBIT) |
11,987 |
10,170 |
Earnings before tax |
9,485 |
13,625 |
Deferred taxes |
8,294 |
7,677 |
Deferred revenue |
7,870 |
6,586 |
Net income |
7,119 |
11,623 |
Net income to parent company |
$7,119 |
$11,623 |
Other current assets |
7,113 |
4,581 |
Cash & equivalents |
$5,683 |
$4,059 |
Less: Depreciation & amortization expenses |
4,371 |
2,718 |
Current portion of long-term debt |
$4,364 |
$1,985 |
Less: Interest expense |
3,035 |
2,619 |
Marketable securities |
2,373 |
2,522 |
Less: Income tax expense |
2,366 |
2,002 |
Other current liabilities |
2,079 |
2,472 |
Current operating lease liabilities |
1,934 |
|
Taxes payable |
1,830 |
1,939 |
Other income (expense) |
454 |
6,074 |
Gain/(loss) on sale of assets |
79 |
0 |
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