PA1-5 Reporting Amounts on the Four Basic Financial Statements (LO2] The following information for the year ended December 31, 2017, was reported by Bloomin' Brands the company that owns and operates Outback Steakhouse and Carrabba's Italian Grill restaurants. Amounts are in millions of dollars. $ Cash (balance on January 1, 2017) Cash (balance on December 31, 2017) Food and Supplies Expenses Accounts Payable Selling and Administrative Expenses Food and Supply Inventories Notes Payable Other Assets Other Liabilities Other Revenues Property, Fixtures, and Equipment Restaurant Sales Revenue Wages and Taxes Payable Utilities and Other Expenses Wages Expense Retained Earnings, January 1, 2017 Contributed Capital 106 182 1,426 188 246 120 246 540 550 2,374 4,800 142 1,126 1,120 1,096 130 $ Other cash flow information: Cash paid to purchase equipment Cash paid to suppliers and employees Cash received from customers Cash received from bank borrowings Repayments of bank borrowings Cash received from sale of fixtures and equipment Other cash outflows used for financing activities Other cash outflows used for investing activities Common shares issued to owners in exchange for cash Dividends declared and paid in cash 406 2,600 2,990 430 360 NOON SOO Required: Prepare the four basic financial statements for 2017. (Enter your answers in millions. In Statement of cash flows, amounts to be deducted should be indicated by a minus sign.) BLOOMIN' BRANDS Income Statement For the Year Ended December 31, 2017 (in millions) Revenues: Total revenues Expenses: Total expenses BLOOMIN' BRANDS Balance Sheet At December 31, 2017 (in millions) Assets Total assets Liabilities and owners' equity Liabilities Total liabilities Shareholders' equity Total shareholders' equity Total liabilities and shareholders' equity BLOOMIN' BRANDS Statement of Cash Flows For the Year Ended December 31, 2017 (in millions) Cash flows from operating activities: Cash flows from investing activities: Cash flows from financing activities