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value 50.00 points A comparative balance sheet and income statement for Groton Company follow: Groton Company Comparative Balance Sheet December 31, 2011 and 2010 2011

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value 50.00 points A comparative balance sheet and income statement for Groton Company follow: Groton Company Comparative Balance Sheet December 31, 2011 and 2010 2011 2010 Assets Cash Accounts receivable Inventory Prepaid expenses $ 9 $ 20 342 253 182 232 32 30 Total current assets 565 535 Property, plant, and equipment Less accumulated depreciation 533 454 (83) (69) 450 385 Net property, plant, and equipment Long-term investments Total assets 41 48 $1:056 $ 968 Liabilities and Stockholders equity Accounts payable Accrued liabilities S 313 $237 92 76 82 85 Income taxes paya Total current liabilities Bonds payable 480 405 222196 Total liabilities 702601 Common stock Retained earnings 187 226

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