A comparative balance sheet for Lomax Company containing data for the last two years is as follows: Assets Current assets: Lomax Company Comparative Balance Sheet This Year Last Year Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Loans to subsidiaries $ 79,000 $ 56,400 606,000 630,000 617,600 428,000 16,400 9,000 1,319,000 1,123,400 2,410,000 624,600 1,832,000 567,200 1,785,400 1,264,800 96,800 154,000 128,000 74,000 $3,329,200 $2,616,200 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 882,800 $ 578,000 29,800 143,400 49,200 124,400 1,056,000 751,600 660,000 424,000 1,716,000 1,175,600 1,106,000 1,008,000 507,200 432,600 1,613,200 1,440,600 $3,329,200 $2,616,200