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A comparative balance sheet and an income statement for Burgess Company are given below Burgess Company Comparative Balance Sheet (dollars in millions) Ending Beginning Balance
A comparative balance sheet and an income statement for Burgess Company are given below Burgess Company Comparative Balance Sheet (dollars in millions) Ending Beginning Balance Balance Assets Current assets: $ 66 910 785 1,761 1,775 932 843 $2,604 Cash and cash equivalents $ 135 831 718 1,684 1,727 732 995 Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property,plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: $2,679 $ 314 207 131 652 550 1,202 $ 187 143 Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: 429 870 1,299 280 1,122 1,402 $2,604 280 1,100 1,380 $2,679 Common stock Retained earnings Total stockholders' equity Total 1iabilities and stockholders' equity
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