A comparative balance sheet for Lomax Company containing data for the last two years is as follows: Assets ok Current assets: Lomax Company Comparative Balance Sheet This Year Last Year Cash and cash equivalents $ 97,000 $ 70,800 Accounts receivable Inventory Prepaid expenses 642,000 675,000 639,200 446,000 30,800 18,000 Total current assets 1,409,000 1,209,800 D Property, plant, and equipment) 2,500,000 1,904,000 inces Less accumulated depreciation. 646,200 583,400 Net property, plant, and equipment Long-term investments 1,853,800 1,320,600 134,600 208,000 Loans to subsidiaries 146,000 83,000 $3,543,400 $2,821,400 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 $ 911,600 $ 596,000 40,600 166,800 1,119,000 65,400 138,800 800,200 750,000 478,000 1,869,000 1,278,200 1,142,000 1,026,000 1,674,400 532,400 517,200 1,543,200 $3,543,400 $2,821,400 The following additional information is available about the company's activities during this year: