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The following is a list of account titles and amounts (in millions) from a recent company annual report:
Buildings and improvements
$ 182
Goodwill
$ 324
Prepaid expenses
135
Machinery and equipment
521
Allowance for Doubtful Accounts
41
Accumulated Depreciation
382
Other noncurrent assets
248
Inventory
421
Accumulated amortization
800
Other intangibles
1,452
Cash and cash equivalents
710
Accounts receivable
685
Required:
Prepare the asset section of the balance sheet for this company, classifying assets into Current Assets, Property, Plant and Equipment (net), and Other Assets.
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