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: 82,000 58.800 Cash and cash equivalents Accounts receivable 612,000 637.500 Inventory 621,200 431.000 Prepaid expenses 18,800 10.500 Total current assets 1,334,000 1,137,800 Property, plant, and equipment 2,425,000 1,844,000 Less accumulated depreciation 628,200 569.900 Net property, plant, and equipment 1,796,800 1,274.100 Long-term investments 103,100 163.000 131,000 Loans to subsidiaries 75.500 Total assets 3,364,900 2,650,400 Liabilities and Stockholders' Equity Current liabilities 887,600 581,000 Accounts payable Accrued liabilities 31,600 51.900 147,300 126.800 Income taxes payable 759,700 Total current liabilities 1,066,500 Bonds payable 675,000 433.000 Total liabilities 1,741,500 1,192,700 Stockholders' equity Common Stock 1,112,000 1,011.000 Retained earnings 511,400 446.700 Total stockholders' equity 1,623,400 1,457,700 Total liabilities and stockholders' equity 3,364,900 2,650,400