A comparative balance sheet for Alcorn Company containing data for the last two years is as follows: Alcorn Company Comparative Balance Sheet Assets This Year Last Year Current assets: Cash and cash equivalents $ 84,000 $ 60,400 Accounts receivable 616,000 642,500 Inventory 623,600 433,000 Prepaid expenses 20,400 11,500 Total current assets 1,344,000 1,147,400 Property, plant, and equipment 2,435,000 1,852,000 Less accumulated depreciation 630,600 571,700 Net property, plant, and equipment 1,804,400 1,280,300 Long-term investments 107,300 169,000 Loans to subsidiaries 133,000 76,500 Total assets $ 3,388,700 $ 2,673,200 Liabilities and Stockholders' equity Current liabilities Accounts payable $ 890,800 $ 583,000 Accrued liabilities 32,800 53,700 Income taxes payable 149,900 128,400 Total current liabilities 1,073,500 765,100 Bonds payable 685,000 439,000 Total liabilities 1,758,500 1,204,100 Stockholders