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E8-1 (Algo) Preparing a Classified Balance Sheet LO8-1 The following is a list of account titles and amounts (dollars in millions) from a recent annual report of Calvin, Inc., a leading manufacturer of games, toys, and interactive entertainment software for children and families: Buildings and improvements Prepaid expenses and other current assets Allowance for doubtful accounts Other noncurrent assets Accumulated amortization (other intangibles) Cash and cash equivalents Goodwill Machinery, equipment, and software Accumulated depreciation Inventories Tools, dies, and molds Other intangibles Land and improvements Accounts receivable $ 204 164 36 208 820 620 470 421 416 304 74 1,366 10 644 Required: Prepare the asset section of the balance sheet for Calvin, Inc., classifying the assets into Current Assets, Property, Plant, and Equipment (net), and Other Assets. (Enter your answers in millions (.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated by a minus sign.) Calvin, Inc. Excerpts from Balance Sheet (in millions) Assets Current assets: Cash and cash equivalents Accounts receivable (net of allowance for doubtful accounts) Accounts receivable (net of allowance for doubtful accounts) Inventories Prepaid expenses and other current assets 0 Total current assets Property, plant, and equipment: Tools, dies, and molds Prepaid expenses and other current assets 0 Property, plant, and equipment (at cost) Land and improvements Property, plant, and equipment (net) Other Assets: 0 Total other assets 0 Total Assets $ 0

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