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A comparative balance sheet and income statement for Eaton Company follow: Eaton Company Comparative Balance Sheet December 31, 2011 and 2010 2011 2010 Assets 4

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A comparative balance sheet and income statement for Eaton Company follow: Eaton Company Comparative Balance Sheet December 31, 2011 and 2010 2011 2010 Assets 4 11 Cash 310 230 Accounts receivable 160 195 Inventory Prepaid expenses 482 442 Total current assets 500 420 Property, plant, and equipment 70 85 Less accumulated depreciation 415 350 Net property, plant, and equipment 38 Long-term investments 31 $928 $830 Total assets Liabilities and Stockholders' equity $300 $225 Accounts payable 70 80 Accrued liabilities 71 63 Income taxes payable 368 441 Total current liabilities 195 170 Bonds payable 636 Total liabilities 160 200 Common stock 132 92 Retained earnings 292 2922 Total stockholders' equity $928 $830 Total liabilities and stockholders' equity

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