analyze the balance sheet liabilities and what it says about the company
 

Balance Sheet: Liabilities & Equity (Millions of Dollars) Accounts payable Notes payable Accruals Total CL Long-term debt Total liabilities Preferred stock (1,000,000 shares) Common Stock (60,000,000 shares) Ret. earnings Total equity 2021 $ 200 150 400 $ 750 520 $1,270 100 500 1,740 $2,240 2020 $ 180 28 370 $ 578 350 $928 100 500 1,552 $2,052