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Suppose the following items were taken from the balance sheet of Nilce, Inc. (All dollars are in millions.) 7. 1. 2. 3. $2,266.0 80.3 8. 9. Cash Accounts receivable Common stock Notes payable Buildings Mortgage payable $2,367.7 2,959.6 2,820.7 342.2 3,888.3 1,000.5 Inventory Income taxes payable Equipment Retained earnings Accounts payable 4. 10. 1,916.4 6,376.7 2,777.6 5. 11. 6. Perform each of the following. Classify each of these items as an asset, liability, or stockholders' equity, and determine the total dollar amount for each classification. (Enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) Cash Accounts receivable Common stock Notes payable Buildings Mortgage payable Classify each of these items as an asset, liability, or stockholders equity, and determine the total dollar amount for each classification. (Enter amounts in millions up to 1 decimal place, c.8. 45.5 million) Cash Accounts receivable Common stock Notes payable Buildings Mortgage payable Inventory Income taxes payable Equipment Retained earnings Accounts payable $ Assets Liability $ V Accounts payable Assets $ Liability $ Stockholders' equity $ e Textbook and Media Determine Nike's accounting equation by calculating the value of total assets, total liabilities, and total stockholders' equity. (Enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) Total assets Total liabilities + Total stockholders' equity $ $ $

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