Acomparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Beginning Balance Balance Assets Current assets: Cash and cash equivalents 53 109 Accounts receivable 780 714 720 666 Inventory Total current assets 1,553 1,489 Property, plant, and equipment 1,645 1,610 Less accumulated depreciation 854 693 Net property, plant, and equipment 791 917 Total assets 2,344 2,406 Liabilities and Stockholders' Equity Current liabilities: 288 174 Accounts payable Accrued liabilities 194 156 Income taxes payable 105 86 Total current liabilities 587 416 Bonds payable 485 740 Total liabilities 1,072 1,156 Stockholders' equity: Common stock 215 215 Retained earnings 1,057 1,035 Total stockholders' equity 1,272 1,250 2,344 2,406 Total liabilities and stockholders' equity