A comparative balance sheet for Lomax Company containing data for the last two years is as f Lomax Company Comparative Balance Sheet This Year Last Year Assets Current assets: S 95,000 S 69,200 Cash and cash equivalents Accounts receivable Inventory Prepaid expenses 638,000 670,000 636,800 444,000 29,200 17,000 ,399,000 1,200,200 2,490,000 6.000 Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Loans to subsidiaries Total assets 1,600 1,846,200 1,314,400 130,400 202,000 82,000 643,800 144,000 3,519,600 S 2,798,600 Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued liabilities Income taxes payable $ 908,400 $ 594,000 63,600 64,200 137,200 39,400 Total current liabilities Bonds payable 1,112,000 794,800 740,000 472,000 Total liabilities 1,852,000 1,266,800 Stockholders' equity: Common stock 1,138,00O 1,024,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 529,600 507,800 1,667,600 1,531,800 $ 3,519,600 $ 2,798,600