A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Assets Current assets: Cash and cash equivalents 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: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Burgess Company Income Statement (dollars in millions) Sales Cost of goods sold Gross margin $ 4,030 2,760 1,270 Ending Balance Beginning Balance $ 50 750 $103. 687 705 654 1,505 1,444 1,615 1,583 836 684 779 899 $ 2,284 $ 2,343 $ 282 191 $ 171 159 99 83 572 413 470 710 1,042 1,123 200 200 1,042 1,020 1,242 $ 2,284 1,220 $ 2,343 Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of equipment Income before taxes. Income taxes Net income Burgess also provided the following information: 902 368 2 370 134 $ 236 1 The company sold enuinment that had an original cost of $34 million and accumulated denreciation of $18