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1.Listed below are year-end account balances ($ in millions) takenfrom the records of Symphony Stores.DebitCreditAccountsreceivable-trade687Building and equipment926Cash-checking42Interest receivable35Inventory19Land159Notes receivable(long-term)488Petty cash fund8Prepaid rent36Supplies11Trademark49Accounts payable-trade594Accumulated depreciation64Additional paid-in capital478Allowance for uncollectibleaccounts17Cash dividends payable27Common stock, at par15Income tax payable52Notes payable (long-term)857Retained earnings329Deferred revenues27TOTALS2,4602,460What would Symphony report as total current assets?2.Listed below are year-end account balances ($ in millions) takenfrom the records of Symphony Stores.DebitCreditAccountsreceivable-trade697Building and equipment940Cash-checking51Interest receivable36Inventory18Land156Notes receivable(long-term)481Petty cash fund9Prepaid rent32Supplies10Trademark57Accounts payable-trade705Accumulated depreciation62Additional paid-in capital468Allowance for uncollectibleaccounts19Cash dividends payable24Common stock, at par10Income tax payable46Notes payable (long-term)815Retained earnings302Deferred revenues36TOTALS2,4872,487What would Symphony report as total assets?3.Listed below are year-end account balances ($ in millions) takenfrom the records of Symphony Stores.DebitCreditAccountsreceivable-trade681Building and equipment922Cash-checking44Interest receivable31Inventory19Land167Notes receivable(long-term)473Petty cash fund6Prepaid rent24Supplies9Trademark50Accounts payable-trade614Accumulated depreciation64Additional paid-in capital479Allowance for uncollectibleaccounts19Cash dividends payable24Common stock, at par14Income tax payable51Notes payable (long-term)824Retained earnings299Deferred revenues38TOTALS2,4262,426What would Symphony report as total shareholders' equity?4.Listed below are year-end account balances ($ in millions) takenfrom the records of Symphony Stores.DebitCreditAccountsreceivable-trade701Building and equipment923Cash-checking49Interest receivable36Inventory22Land167Notes receivable(long-term)455Petty cash funds7Prepaid rent24Supplies12Trademark46Accounts payable-trade535Accumulated depreciation76Additional paid-in capital482Allowance for uncollectibleaccounts16Cash dividends payable26Common stock, at par11Income tax payable60Notes payable (long-term)899Retained earnings307Deferred revenues30TOTALS2,4422,442What is the amount of working capital for Symphony?
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