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 $ 4,240 Cost of goods sold 2,900 Gross margin 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: 1,340 916 424 2 426 148 $ 278 Ending Balance Beginning Balance $ 57 $ 117 820 750 740 682 1,617 1,549 1,685 1,646 878 705 807 941 $ 2,424 $ 2,490 $ 296 $ 178 198 152 113 90 607 420 505 780 1,112 1,200 235 235 1,077 1,055 1,312 1,290 $ 2,424 $ 2,490