Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: 990,000 1,230,000 Cash 300,000 Marketable securities 2,820,000 1,920,000 Accounts receivable, net 2,300,000 3,630,000 Inventory 260,000 200,000 Prepaid expenses 7,700,000 5,950,000 Total current assets 9,080,000 Plant and equipment, net 9,580,000 17,280,000 15,030,000 Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities 4,040,000 3,040,000 Note payable, 10% 3,680,000 3,080,000 7,720,000 6120,000 Total liabilities Stockholders' equity: Common stock, $70 par value 7,000,000 7,000,000 2,560,000 1,910,000 Retained earnings 9,560,000 8,910,000 Total stockholders' equity 17,280,000 15,030,000 Total liabilities and stockholders' equity