Assume that the following transactions (in...

Assume that the following transactions (in millions of dollars) occurred during the remainder of 2009 (ending on January 29, 2010): a. Borrowed $30 from banks due in two years. b. Lent $250 to affiliates, who signed a six-month note. c. Purchased additional investments for $13,000 cash; one-fifth were long term and the rest were short term. d. Purchased property, plant, and equipment; paid $875 in cash and $1,410 with additional long-term bank loans. e. Issued additional shares of stock for $200 in cash. f. Sold short-term investments costing $10,000 for $10,000 cash. g. Dell does not actually pay dividends; it reinvests its earnings into the company for growth purposes. Assume instead for this problem that Dell declared and paid $52 in dividends during 2009. Required: 1. Prepare a journal entry for each transaction. 2. Create T-accounts for each balance sheet account and include the January 30, 2009, balances. Post each journal entry to the appropriate T-accounts. 3. Prepare a balance sheet from the T-account ending balances for Dell at January 29, 2010, based on these transactions. 4. Compute Dell’s current ratio for 2009 (year ending on January 29, 2010). What does this suggest about the company? Preparing the Investing and Financing Sections of a Statement of Cash Flows Refer to P2-5 . Required: Based on the activities for the year ended January 29, 2010, prepare the investing and financing sections of a statement of cash flows.