The following table presents the long-term liabilities and shareholders' equity of Information Control Corp. from one year ago: Long-term debt $66,600,000 Preferred stock 4,160,000 Common stock ($1 par value) 16,600,000 Surplus capital 46,600,000 Retained earnings 136,600,000 During the Last year, the company issued 11.6 million new shares at a total price of $61.2 million and issued $36.6 million in new long-term debt. The company generated $12.2 million in net income and paid $3.6 million in dividends.

Prepare the current balance sheet that reflects the changes that have occurred in the company during the year. (Do not round intermediate calculations. 

Enter your answers in dollars, not millions of dollars, for example, 1,234,567.)

Answer rating: 100% (QA)

To prepare the current balance sheet we need to add the changes that hav... View the full answer