Question: Intel, the worlds largest microprocessor chip company, lists the following balance sheet items for January 1, 2012 (in millions): Property, plant, and equipment, at cost

Intel, the world’s largest microprocessor chip company, lists the following balance sheet items for January 1, 2012 (in millions):

Property, plant, and equipment, at cost ………… $58,073

Short-term investments …………………………… 5,181

Common stock and capital in excess of par value … 17,036

Cash and cash equivalents ………………………… 5,065

Other accrued liabilities ………………………….. 2,814

Accounts receivable ………………………………. 3,650

Other current assets ………………………………. 7,880

Accumulated depreciation …………………….. (34,446)

Accounts payable ………………………………………. ?

Identified intangible assets ……………………….. 6,267

Inventories ……………………………………….. 4,096

Deferred income …………………………………. 1,929

Accrued advertising liability …………………….. 1,134

Other assets ………………………………………. 4,648

Other long-term liabilities ………………………… 3,479

Accumulated other comprehensive income (loss) … (781)

Goodwill ………………………………………….. 9,254

Accrued compensation and benefits ………………. 2,948

Long-term investments …………………………….. 1,451

Long-term deferred liabilities ……………………… 2,617

Short-term debt ………………………………………. 247

Long-term debt ……………………………………. 7,084

Retained earnings ………………………………… 29,656

Prepare a balance sheet in proper form for Intel. Include the proper amount for accounts payable.

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