Please classify items as assets (A), liabilities (L), shareholders equity (SE), revenues (R), and expenses (E).

Below is a partial list of financial statement items for the year ending December 31, 2019 for XYZ Corporation (some values have been changed for tractability): Item Amount (in millions) (1) Accounts payable $ 875 (2) Total revenues 25,413 (3) Common stock 17 Cash and cash equivalents 7,686 (5) Long-term debt 24,122 (6) Beginning of period retained earnings 4,256 (7) Additional paid-in capital 6,533 (8) 2,434 Selling general, and administrative expenses (9) Accounts receivable 1,299 (10) Company-operated restaurant expenses 5,552 (11) Inventories 100 (12) Interest expense 638 (13) Prepaid expenses and other current assets 559 (14) Dividends declared and paid 3,230 (15) Property and equipment, net 37,692 (16) Income tax expense ? (17) Net income 14,763 (18) End of period retained earnings ? shares during the year Required: (1) Prepare XYZ's balance sheet for December 31, 2019. (2) Prepare XYZ's income statement for the year 2019