A comparative balance sheet for Lomax Company containing data for the last two years is as follows Lomax Company Comparative Balance Sheet This Year Last Year Assets Current assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses $ 89,000 $ 64,400 655,000 438,000 14,000 626,000 629,600 24,400 Total current assets 1,369,000 1,171,400 2,460,000 1,872,000 576,200 Property, plant, and equipment 636,600 Less accumulated depreciation Net property, plant, and equipment Long-term investments Loans to subsidiaries Total assets 1,823,400 1,295,800 184,000 79,000 $ 3,448,200 $ 2,730,200 117,800 138,000 Liabilities and Stockholders' Equity Current liabilities $ 898,800 $ 588,000 58,200 132,400 Accounts payable 35,800 156,400 Accrued liabilities Income taxes payable 1,091,000 710,000 778,600 454,000 Total current liabilities Bonds payable Total liabilities Stockholders' equity 1,801,000 1,232,600 1,126,000 1,018,000 Common stock Retained earnings 479,600 1,647,200 1,497,600 $ 3,448,200 $ 2,730,200 521,200 Total stockholders' equity Total liabilities and stockholders' equity