Groton Company Comparative Balance Sheet December 31, 2011 and 2010 2011 2010 Assets Cash Accounts receivable Inventory Prepaid expenses $4 $ 15 318 235 205 12 164 lotal current assets 500 467 436 Property, plant, and equipment Less accumulated depreciation 515 (88) (74) Net property, plant, and equipment 427 362 Long-term investments 28 38 lotal assets $ 955 $ 867 Liabilities and Stockholders' equity Accounts payable Accrued liabilities Income taxes payable $304 228 83 69 73 78 455 204 380 178 lotal current liabilities Bonds payable Total liabilities 659 558