7. Building a Balance Sheet The following table presents the long-term liabilities and stockholders' equity of Information Control Corp. one year ago: $ 55,000,000 Long-term debt Preferred stock 3,100,000 Common stock ($1 par value) 12,000,000 Accumulated retained earnings T19,000,000 Capital surplus 56,000,000 During the past year, the company issued 5 million shares of new stock at a total price of $63 million, and issued $30 million in new $8 million in net income and paid $1.8 million in dividends. Construct the current long-term debt. The company generated balance sheet reflecting the changes that occurred at the company during the year