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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) Assets Current
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 $ 4,390 Ending Balance Beginning Balance $ 62 870 $ 127 795 765 702 1,697 1,624 1,735 1,691 908 720 827 971 $ 2,524 $2,595, $ 306 $ 183 203 147 123 95 632 425 530 830 1,162 1,255 260 1,102 260 1,080 1,362 1,340 $ 2,524 $2.595
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