Comparative Balance Sheets For 20X1 and 20X2 Year-End 20X1 Year-End 20X2 Assets Current assets: Cash. Accounts receivable (net). Inventory....... Prepaid expenses.... Total current assets.. Investments (long-term securities). Plant and equipment... Less: Accumulated depreciation Net plant and equipment.......... Total assets.. $ 70,000 300,000 410,000 50,000 $ 830,000 80,000 2,000,000 1,000,000 $1,000,000 $1,910,000 $ 100,000 350,000 430,000 30,000 $ 910,000 70,000 2,400,000 1,150,000 $1,250,000 $2,230,000 $ 250,000 400,000 70,000 $ 720,000 $ 440,000 400,000 50,000 $ 890,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable. Notes payable....... Accrued expenses Total current liabilities. Long-term liabilities: Bonds payable, 20x2. Total liabilities Stockholders' equity: Preferred stock, $100 par value. Common stock, $1 par value... Capital paid in excess of par Retained earnings........... Total stockholders' equity. Total liabilities and stockholders' equity.. 70,000 $ 790,000 120,000 $1,010,000 $ 90,000 120,000 410,000 500,000 $1,120,000 $1,910,000 $ 90,000 120,000 410,000 600,000 $1,220,000 $2,230,000