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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
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 $6 $ 17 351 259 188 241 36 38 Total current assets 583 553 Property, plant, and equipment 539 460 (84) (70) Less accumulated depreciation Net property, plant, and equipment Long-term investments 455390 35 42 Total assets $1,073 $ 985
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