Brief Exercise 9-11Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $934.5; land $227.7; patents and trademarks (at cost) $523.3; machinery and equipment $2,120.3; buildings $965; goodwill (at cost) $215.8; accumulated amortization $45.9; and accumulated depreciation $2,384.Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.)NIKE, INC.Partial Balance SheetAs of May 31, 2014(in millions) Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentRevenuesStockholders’ EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders’ EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders’ Equity Patents and Trademarks Accumulated Amortization Land Other Plant Assets Goodwill Accumulated Depreciation Machinery and Equipment Buildings $ Buildings Machinery and Equipment Goodwill Other Plant Assets Accumulated Depreciation Land Patents and Trademarks Accumulated Amortization $ Accumulated Amortization Machinery and Equipment Other Plant Assets Patents and Trademarks Goodwill Land Buildings Accumulated Depreciation Other Plant Assets Goodwill Accumulated Depreciation Land Accumulated Amortization Buildings Machinery and Equipment Patents and Trademarks Add Less : Other Plant AssetsGoodwillBuildingsPatents and TrademarksLandAccumulated AmortizationMachinery and EquipmentAccumulated Depreciation Current Assets Current Liabilities Expenses Intangible Assets Long-term Investments Long-term Liabilities Net Income / (Loss) Property, Plant and Equipment Revenues Stockholders’ Equity Total Assets Total Current Assets Total Current Liabilities Total Expenses Total Intangible Assets Total Liabilities Total Liabilities and Stockholders’ Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Revenues Total Stockholders’ Equity Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentRevenuesStockholders’ EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders’ EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders’ Equity Patents and Trademarks Accumulated Amortization Land Buildings Accumulated Depreciation Machinery and Equipment Other Plant Assets Goodwill Accumulated Amortization Buildings Accumulated Depreciation Goodwill Land Machinery and Equipment Patents and Trademarks Other Plant Assets $ Add Less : LandMachinery and EquipmentAccumulated AmortizationOther Plant AssetsBuildingsAccumulated DepreciationGoodwillPatents and Trademarks Current Assets Current Liabilities Expenses Intangible Assets Long-term Investments Long-term Liabilities Net Income / (Loss) Property, Plant and Equipment Revenues Stockholders’ Equity Total Assets Total Current Assets Total Current Liabilities Total Expenses Total Intangible Assets Total Liabilities Total Liabilities and Stockholders’ Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Revenues Total Stockholders’ Equity SHOW LIST OF ACCOUNTSSuppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $934.5; land $227.7; patents and trademarks (at cost) $523.3; machinery and equipment $2,120.3; buildings $965; goodwill (at cost) $215.8; accumulated amortization $45.9; and accumulated depreciation $2,384.Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.)