A COM Balance Sheets As of December 31 2015 2014 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items $ 20,000 20,800 49,000 134,000 28,000 16,000 6,800 41,000 142,000 13,000 Total current assets Investments Plant (net) Land 251,800 32,000 295,000 29,000 218,800 25,000 280,000 24,000 Total assets $607,800 $547,800 Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable $ 31,600 $ 17,700 100,000 17,000 113,800 23,000 Total current liabilities 168,400 134,700 Noncurrent liabilities Bonds payable Other 120,000 120,000 32,000 152,000 320,400 27,000 147,000 281,700 Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock, (par value $10, 4% cumulative non-participating; 8,000 shares authorized and issued) 80,000 80,000 Common stock (No par; 50,000 shares authorized; 80,000 127,400 10,000 shares issued) 80,000 106,100 266,100 $607,800 $547,800 Retained earnings Total stockholders' equity 287,400 Total liabilities and stockholders' equity