Building a Balance Sheet The following table presents the long-term liabilities and stockholders’ equity of Information Control Corp. one year ago:

Long-term debt $ 65,000,000 Preferred stock 4,000,000 Common stock ($1 par value) 15,000,000 Accumulated retained earnings 135,000,000 Capital surplus 45,000,000 During the past year, Information Control issued 10 million shares of new stock at a total price of $58 million, and issued $35 million in new long-term debt. The company generated $9 million in net income and paid $2 million in dividends.

Construct the current balance sheet reflecting the changes that occurred at Information Control Corp. during the year.