The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Year 2 Year 1 Total current assets $612,200 $550,500 Total investments 63,300 51,000 Total property, plant, and equipment 852,900 629,900 Total current liabilities 107,300 81,000 Total long-term liabilities 311,900 247,900 Preferred 9% stock, $100 par 87,300 87,300 Common stock, $10 par 557,800 557,800 Paid-in capital in excess of par-common stock 68,500 68,500 Retained earnings 395,600 188