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 Book Print erences Assets Current assets: 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 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 $ 74,000 $ 52,400 596,080617,500 611,668 423,000 12,480 6,500 1,294,888 1,099,400 2,385,000 1,812,000 618,600 562,700 1,766,400 1,249,380 86,300 139,089 123,000 71,500 $3,269,700 $2,559,200 $ 874,800 $ 573,000 26,800 44,700 136.90 120,400 1,038,588 7 38,100 635,000 409,000 1.673,509 1,147,180 1,096,000 500,200 1,003,000 409, 100