Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Assets Current assets 49 Cash and cash equivalents Accounts receivable 645 Inventory 660 Total current assets 1,354 Property, plant, and equipment 1,515 Less accumulated depreciation 765 Net property, plant, and equipment 750 $2,104 Total assets Liabilities and Stockholders' Equity Current liabilities: 250 Accounts payable Accrued liabilities Income taxes payable 190 76 Total current liabilities 516 Bonds payable 450 Total liabilities 966 Stockholders' equity: Common stock 161 Retained earnings 977 Total stockholders' equity 1,138 Total liabilities and stockholders' equity $2,104 Beginning Balance 79 580 615 1,274 1,466 641 825 $2,099 155 165 70 390 620 1,010 161 928 1,089 $2,099