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Constructing and Analyzing Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for five recent years follow. (a) Compute the missing balance sheet amounts for each of the three years shown. Current Long-term Total Current Long-term Total Stockholders' ($ millions) Assets Assets Assets Liabilities Liabilities Liabilities Equity 2008 $9,598 $ $25,793 $9,550 $15,489 $10,304 2009 10,795 16,455 4,897 9,051 13,302 2010 17,941 30,156 6,089 8,050 14,139 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 Current Asset 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 . . 'Yes No c. Which of the following voulu ve Tutu umuhg 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 Long-term Asset 1. Property plant & equipment 2. Accounts payable 3. Intangible assets 4. Work in process 5. Goodwill 6. Accrued expenses 7. Prepaid expenses 8. Long-term notes payable . . > >