Marketable Debt Securities Facebook reports the following in its 2018 10-K. The following table summarizes, for assets or liabilities measured at fair value, the respective fair value and the classification by level of input within the fair value hierarchy (in millions): Fair Value Measurement at Reporting Date Using Description Dec. 31, 2018 Quoted Prices in Active Markets for Identical Asset (Level 1) Significant Other Observable Inputs (Level 2) Significant Nonobservable Inputs (Level 3) Cash equivalents: Money market funds $6,792 $6,792 $- $- U.S. government securities 90 90 - - U.S. government agency securities 54 54 - - Certificate of deposits and time deposits 369 - 369 - Corporate debt securities 1 - 1 - Marketable securities: U.S. government securities 13,836 13,836 - - U.S. government agency securities 8,333 8,333 - - Corporate debt securities 8,926 - 8,926 - Total cash equivalents and marketable securities $38,401 $29,105 $9,296 $- The gross unrealized losses on our marketable securities were $357 million and $289 million as of December 31, 2018 and 2017, respectively. The gross unrealized gains for both periods were not significant. a. What does Facebook report as (in millions): 1. Cash equivalents at December 31, 2018? $Answer 2. Marketable securities at December 31, 2018? $Answer b. What is the chief difference between Cash equivalents and Marketable securities? Cash equivalents have remaining maturity of Answer Marketable securities have maturity Answer c. What is the cost of its marketable securities (in millions)? Hint: Consider that its marketable securities are in a loss position. $Answer