James Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) Sales Operating expenses Depreciation Operating income Interest expense Earnings before taxes Taxes Net income Common dividends James Corporation: Balance Sheets as of December 31 (Millions of Dollars) Assets Cash Short-term investments Accounts receivable Inventories Total current assets Plant and equipment(net) Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 2010 4,400.0 3,744.0 152.0 504.0 48.0 456.0 182.4 273.6 88.0 2010 220.0 44.0 2,024.0 1,540.0 3,564.0 2009 4,000.0 3,400.0 144.0 2010 456.0 *40.0 416.0 166.4 249.6 80.0 2009 1,100.0 1,000.0 660.0 600.0 1,840.0 1,400.0 3,240.0 200.0 40.0 2009 440.0 220.0 153.6 813.6 440.0 1,253.6 1,724.8 585.6 400.0 2,310.4 2,160.0 3,564.0 3,240.0 400.0 200.0 80.0 680.0 400.0 1,080.0 1,760.0