A comparative balance sheet and an income statement for Kars Company are given below: Kars Company Comparative Balance Sheet dollars in millions) Ending Beginning Balance Balance Assets Current assets: Cash and cash equivalents Accounts receivable Inventory s 45 $ 93 642 634 700 680 Total current assets 1,425 1,369 Property, plant, and equipment Less accumulated depreciation 1,565 806 1,538 Net property, plant, and equipment 759 869 Total assets $2,184 $2,238 Liabilities and Stockholders' equity Current liabilities Accounts payable Accrued liabilities Income taxes payable s 272 186 s 166 164 78 Total current liabilities Bonds payable 547 445 408 660 Total liabilities 992 1,068 Stockholders' equity Common stock Retained earnings 175 1,017 175 995 Total stockholders equity 1,192 1,170 Total liabilities and stockholders' equity $2,184 $2,238