The following selected financial information is available for J&G Inc. Amounts are in millions of dollars.

Required:-

a. Divide the class into groups of four or five students each. Organize the groups into four sections. Assign Task 1 to the first section of groups, Task 2 to the second section, Task 3 to the third section, and Task 4 to the fourth section.

Group Tasks (1) Fill in the missing information for 2001.
(2) Fill in the missing information for 2002.
(3) Fill in the missing information for 2003.
(4) Fill in the missing information for 2004.

b. Each section should select two representatives. One representative is to put the financial state¬ ments assigned to that section on the board, underlining the missing amounts. The second representative is to explain to the class how the missing amounts were determined.

c. Each section should list events that could have caused the unusual item category on the income statement.

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Income Statements Revenue Cost and Expenses Income from Continuing Operations Unusual Items Net Income 2004 2003 2002 2001 $ 661 $1,307 $ (a) $ 894 (a) (a) (1,859) (769) (b) 174 T1 71 (a) 0 218 (b) (b) $ 7 $ (b) $ 47 $ 177 Assets Cash and Marketable Securities $ 249 $1,247 $ (c) $ 419 Other Assets 1,661 (c) 1,226 (c) Total Assets 1,910 $2,904 $ (d) $1,418 Liabilities Stockholders' Equity $ (c) $ (d) $ 907 $ (d) Common Stock Retained Earnings 422 356 (e) 313 (d) (e) 684 (e) Total Stockholders' Equity 1,062 1,342 (f) 1,040 Total Liabilities and Stockholders' Equity $1,910 $ (f) $1,906 $1,418