A comparative balance sheet and an income statement for Burgess Company are given below A Burgess income below Company Comparative Balance Sheet (dollars in millions) Ending Beginning Balance Balance Assets Current assets: Cash and cash equivalents 49 79 Accounts receivable 645 580 Inventory 660 615 1,354 1,274 Total current assets Property, plant, and equipment 1.515 1,466 Less accumulated depreciation 765 641 Net property, plant, and equipment 750 825 Total assets 2,104 2,099 Liabilities and Stockholders' Equity Current liabilities 250 155 Accounts payable Accrued liabilities 190 165 Income taxes payable 76 70 Total current liabilities 516 390 Bonds payable 450 620 Total liabilities 966 1.010 Stockholders' equity Common stock 161 161 Retained earnings 977 928 Total stockholders' equity 1,138 1.089 Total liabilities and stockholders' equity 2,104 2,099