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NOTE: Assignment must be completed by Due Date. E1-15 Classify items as assets, liabilities, and stockholders' equity, and prepare accounting equation Suppose the following items were taken from the balance sheet of Nike, Inc. (All items are in millions.) 1. Cash $2,291.1 7. Inventory $2,357.0 2. Accounts receivable taxes payable 86.3 2,883.9 8. Income 3. Common stock 1,957.7 2,874.2 9. Equipment 4. Notes payable 342.9 5,818.9 5. Buildings 2,815.8 6. 10. 3,759.9 Mortgage payable Retained earnings 11. Accounts payable 1,311.5 Instructions (a) Classify each of these items as an asset, liability, or stockholders' equity and determine the total