In Exhibit 16-24 are all the items in the income statement and balance sheet for Microsoft Corporation for the quarter ending March 31, 2012. All items on the statements are listed, but no totals or subtotals are shown. Recast the income statement and balance sheet to show as many meaningful totals and subtotals as the data allow. All dollar amounts are in millions.

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Exhibit 16-24 Microsoft Corporation Income Statement Revenue Cost of revenue Research and development Sales and marketing General and administrative Other income (expense) Provision for income taxes 17,407 3,952 2,517 3,414 1,150 1,255 Microsoft Corporation Balance Sheet Cash and cash equivalents Short-term investments Accounts receivable, net of allowance for doubtful accounts $6,388 53,141 10,961 of $322 Inventories Deferred income taxes Other current assets Property and equipment, net of accumulated depreciation of 2,350 2,608 8,225 $10,952 9,068 19,698 2,756 1,403 3,790 3,272 958 13,929 1210 3,011 11,938 1,262 1,456 8,525 Common stock and paid-in capital shares authorized 24,000; 65,273 Equity and other investments Goodwill Intangible assets Other long-term assets Accounts payable Accrued compensation Income taxes Short-term uneamed revenue Securities lending payable Other current liabilities Long-term debt Long-term unearned revenuo Deferred income taxes Other long-term liabilities outstanding 8,400 Retained eamings 3,386