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 $ 1 $ 12 306 229 158 196 Total current assets 473 443 Property, plant, and equipment 509 430 (85) (71) Less accumulated depreciation Net property, plant, and equipment Long-term investments 424 359 25 32 Total assets $922 834 Liabilities and Stockholders' equity Accounts payable Accrued liabilities Income taxes payable $ 301 225 70 80 72 63 Total current liabilities Bonds payable 443 198 368 172 Total liabilities 641 540 Common stock 163 202 118 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 92 281 294 $922 $834