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 $ 20 342 253 232 30 182 32 Total current assets 565 535 Property, plant, and equipment Less accumulated depreciation 533 454 (83) (69) Net property, plant, and equipment 450 385 Long-term investments 48 Total assets $1,056 $ 968 Liabilities and Stockholders' equity Accounts payable Accrued liabilities Income taxes payable $ 313 $ 237 92 76 82 85 405 196 480 Total current liabilities Bonds payable