2.2 The following table presents the long-term liabilities and stockholders’ equity of Information Control Corp. of one year ago.

Long-term debt $50,000,000 Preferred stock 30,000,000 Common stock 100,000,000 Retained earnings 20,000,000 During the past year, Information Control issued $10 million of new common stock. The firm generated $5 million of net income and paid $3 million of dividends. Construct today’s balance sheet reflecting the changes that occurred at Information Control Corp. during the year.