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: Cash and cash equivalents 99,000 72,400 Accounts receivable 646,000 680,000 Inventory 641,600 448,000 Prepaid expenses 32,400 19,000 Total current assets 1,419,000 1,219,400 Property, plant, and equipment 2,510,000 1,912,000 Less accumulated depreciation 648,600 585,200 Net property, plant, and equipment 1,861,400 1,326,800 Long-term investments 138,800 214,000 Loans to subsidiaries 148,000 84,000 Total assets 3,567,200 2,844,200 Liabilities and Stockholders' Equity Current liabilities 914,800 598,000 Accounts payable 41,800 Accrued liabilities Income taxes payable 67,200 169,400 140,400 Total current liabilities 1,126,000 805,600 Bonds payable 760,000 484,000 Total liabilities 1,886,000 1,289,600 Stockholders' equity Common stock 1,146,000 1,028,000 Retained earnings 535,200 526,600 Total stockholders' equity 1,681,200 1,554,600 3,567,200 2,844,200 Total liabilities and stockholders' equity