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 S 6 S 17 326 239 168 211 16 Prepaid expenses 18 Total current assets 518 Property, plant, and equipment 440 (90) 76) Net property, plant, and equipment 30 Total asets $ 977 $ 889 Accounts payable Accrued liabilities Income taxes payable S 306 75 82 5 230 85 73 Total current liabilities Bonds payable 483 208 338 182 Total liabilities 671 570 Common stock Retained earnings 173 212 133 107 Total stockholders' equity 306 319 Total liabilities and stockholders' equity $ 977 $ 889