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 $ 5 $ 16 322 237 166 208 16 509 475 Total current assets Property, plant, and equipment Less accumulated depreciation 517 438 (89) (75) 428363 Net property, plant, and equipment 29 40 Long-term investments $966 $ 878 Total assets Liabilities and Stockholders' equity Accounts payable Accrued liabilities Income taxes payable $ 305 $229 84 71 74 80 Total current liabilities Bonds payable 459 206 384 180 665 564 Total liabilities Common stock Retained eamings 210 104 130 301 314 Total stockholders' equity $966 $ 878 Total liabilities and stockholders' equity