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The following table presents the long-term liabilities and stockholders' equity of Information Control Corp. one year ago: 66,500,000 $ Long-term debt Preferred stock Common stock
The following table presents the long-term liabilities and stockholders' equity of Information Control Corp. one year ago: 66,500,000 $ Long-term debt Preferred stock Common stock ($1 par value) Accumulated retained earnings 4,150,000 16,500,000 136,500,000 46,500,000 Capital surplus During the past year, Information Control issued 11.5 million shares of new stock at a total price of $61 million, and issued $36.5 million in new long-term debt. The company generated $12 million in net income and paid $3.5 million in dividends. Prepare the current balance sheet reflecting the changes that occurred at Information Control Corp. during the year. (Do not round intermediate calculations. Enter your answers in dollars, not millions of dollars, i.e. 1,234,567.) Control Corp. generated $12 million in net income and paid $3.5 million in dividends. Prepare the current balance sheet reflecting the changes that occurred at Information Control Corp. during the year. (Do not round intermediate calculations. Enter your answers in dollars, not millions of dollars, i.e. 1,234,567.) Control Corp. Current Balance Sheet Long-term debt $ $ $ Total long-term debt Shareholders equity Preferred stock Common stock Accumulated retained earnings Capital surplus Total equity to Total Liabilities & Equity ta
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