Question
The following table presents the long-term liabilities and stockholders' equity of Information Control Corp. from one year ago: Long-term debt. 66,800,000 Preferred stock. 4180000 Common
The following table presents the long-term liabilities and stockholders' equity of Information Control Corp. from one year ago:
Long-term debt. 66,800,000
Preferred stock. 4180000
Common stock ($1 par value) 16,800,000
Accumulated retained earnings. 136,800,000
Capital surplus. 46,800,000
DDuring the,past year the company,issued 11.8 million shares of new stock at a total price of 616 million, and issued 36.8 million in new long-term debt. The company generated 12.6 million in net income and paid 3.8 million in dividends.
Construct the current,balance sheet reflecting the changes that occurred at the company during the,year.
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