Assets Current assets: Lomax Company Comparative Balance Sheet This Year Last Year 89,000 $ 64,400 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 Total stockholders' equity Total liabilities and stockholders' equity 626,000 655,000 629,600 438,000 24,400 14,000 1,369,000 1,171,400 2,460,000 1,872,000 636,600 576,200 1,823,400 1,295,800 117,800 184,000 138,000 79,000 $3,448,200 $2,730,200 $ 898,800 $ 588,000 35,800 156,400 58,200 132,400 1,091,000 778,600 710,000 454,000 1,801,000 1,232,600 1,126,000 1,018,000 521,200 479,600 1,497,600 1,647,200 $3,448,200 $2,730,200