A comparative balance sheet and income statement for Groton Company follow: Groton Company Comparative Balance Sheet December 31, 2011 and 2010 2011 2010 Assets Cash Accounts receivable Inventory Prepaid expenses $11 22 346 249 178 226 26 28 Total current assets 563523 529450 (85) (71) Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments 444379 35 52 Total assets $1,042 $ 954 Liabilities and Stockholders' equity Accounts payable Accrued liabilities Income taxes payable $ 311 $ 235 90 78 80 87 Total current liabilities Bonds payable 478403 218192 Total liabilities 696595 Common stock Retained earnings 183 222 163 137 lotal stockholders equity 346 359 Total liabilities and stockholders' equity $1,042 $ 954