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5 The following table presents the long-term liabilities and stockholders' equity of Information Control Corporation one year ago: Long-term debt Preferred stock. Common stock ($1
5 The following table presents the long-term liabilities and stockholders' equity of Information Control Corporation one year ago: Long-term debt Preferred stock. Common stock ($1 par value) Capital surplus Accumulated retained earnings During the past year, the company issued 10.4 million shares of new stock at a total price of $58.8 million, and issued $35.4 million in new long-term debt. The company generated $9.8 million in net income and paid $2.4 million in dividends. Prepare the current balance sheet reflecting the changes that occurred on the company's balance sheet during the year. Note: Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e.g., 1,234,567. $ 65,400,000 4,040,000 15,400,000 45,400,000 135,400,000 INFORMATION CONTROL CORPORATION Current Balance Sheet $ $ Long-term debt Preferred stock Total long-term debt Shareholders' equity Common stock Total equity Total liabilities & equity 65,400,000 4,040,000
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