A comparative balance sheet for Lomax Company containing data for the last two years is as follows: Lomax Company Comparative Balance Sheet This Last Year Year Assets Current assets: 100,000 73,200 648,000 682,500 642,800 449,000 Cash and cash equivalents Accounts receivable Inventory Prepaid expenses 33,200 19,500 Total current assets 1,424,000 1,224,200 Property, plant, and equipment 2,515,000 1,916,000 Less accumulated depreciation 649,800 586,100 Net property, plant, and equipment 1,865,200 1,329,900 Long-term investments 140,900 217,000 Loans to subsidiaries 149,000 84,500 Total assets 3,579,100 2,855,600 Liabilities and Stockholders' Equity Current liabilities 916,400 599,000 Accounts payable Accrued liabilities 42,400 68,100 Income taxes payable 170,700 141,200 1,129,500 808,300 765,000 487,000 Total current liabilities Bonds payable Total liabilities 1,894,500 1,295,300 Stockholders' equity Common stock 1,148,000 1,029,000 536,600 531,300 Retained earnings Total stockholders' equity 1,684,600 1,560,300 Total liabilities and stockholders' equity 3,579,100 2,855,600