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The following table presents the long-term liabilities and stockholders' equity of Information Control Corp. from one year ago: Long-term debt Preferred stock Common stock ($1
The following table presents the long-term liabilities and stockholders' equity of Information Control Corp. from one year ago: Long-term debt Preferred stock Common stock ($1 par value) Accumulated retained earnings Capital surplus Long-term debt $ During the past year, the company issued 10.4 million shares of new stock at a total price of $58.8 million, and issued $35.4 million in new long-term debt. The company generated $9.8 million in net income and paid $2.4 million in dividends. nd paid $2.4 mil Total long-term debt Shareholders equity 65,400,000 Construct the current balance sheet reflecting the changes that occurred at the company during the year. (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e.g., 1,234,567.) Preferred stock Common stock Capital surplus 4,040,000 15,400,000 135,400,000 45,400,000 Information Control Corp. Current Balance Sheet
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