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E1-4 L01-1 259 Preparing a Balance Sheet Honda Motor Corporation of Japan is a leading international manufacturer of automobiles, motorcy. cles, all-terrain vehicles, and personal watercraft. As a Japanese company, it follows Japanese GAAP and reports its financial statements in billions of yen (the sign for yen is Y). Its recent balance sheet contained the following items (in billions). Prepare a balance sheet as of March 31, current year, solving for the missing amount. (Hint: Exhibit 1.2 in the chapter provides a good model for completing this exercise.) -Cash and cash equivalents Y 1.279 -Common stock Accounts payable and other current liabilities 3,568 Inventories 900 Investments 640 --Long-term debt 2,043 - Net property, plant, and equipment 1.939 -Other assets 6,025 -Other liabilities 1,377 Retained earnings 4.324 Total assets 11,571 *Total liabilities and stockholders' equity 788 Trade accounts, notes, and other receivables