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 $ 9 $ 20 338 245 174 220 24 Total current assets 545 507 525446 (87) (73) Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments 438 373 48 Total assets $1,016 $928 Liabilities and Stockholders' equity Accounts payable Accrued liabilities Income taxes payable $ 309 233 78 85 76 Total current liabilities Bonds payable 472 397 214 188 Total liabilities 686 585 179 218 125 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 330 343 $1,016 $ 928