A comparative balance sheet and an income statement for Blankley Company are presented below Blankley Company Comparative Balance Sheet (dollars in millions) Ending Beginning Balance Balance Assets Current assets Cash and cash equivalents Accounts receivable Inventory $ 53 109 714 780 720 1,553 1,645 Total current assets 1,489 Property, plant, and equipment 1,610 693 917 52,344 $2,406 854 Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' equity 791 Current liabilities Accounts payable $ 288 174 156 86 194 105 Accrued liabilities Income taxes payable 587 485 416 740 Total current liabilities Bonds payable Total liabilities Stockholders' equity 1,072 1,156 215 215 Common stock Retained earnings 1,057 1,272 52,344 1,035 1,250 2,406 Total stockholders' equity Total liabilities and stockholders' equity