Constructing and Analyzing Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for three recent years follow. (a) Compute the missing balance sheet amounts for each of the three years shown. ($ millions) 2018 Current Assets Long-term Assets Total Assets Current Long-term Liabilities Liabilities 2017 2016 $13,709 $ 14,277 $36,500 $ 23,710 21,180 32,906 7,687 6,219 $19,408 18,678 16,344 Total Liabilities $26,652 Stockholders' Equity $9,848 11,622 22,563 b. Which of the following would be included amount 3M's current assets? Note: Next to each item, select yes or no to indicate whether the item is a current asset or not. Item 1. Cash and cash equivalents 2. Property plant & equipment 3. Inventory 4. Accounts payable 5. Marketable securities 6. Goodwill 7. Accrued expenses 8. Prepaid expenses Current Asset c. Which of the following would be included among 3M's long-term assets? Note: Next to each item, select yes or no to indicate whether the item is a long-term asset or not. Item 1. Property plant & equipment Long-term Asset 2. Accounts payable 3. Intangible assets 4. Work in process 5. Goodwill 6. Accrued expenses 7. Prepaid expenses 8. Long-term notes payable