During the past year, Control issued 11 million shares of new stock at a total price of $60 million and issued $36 million in new long-term debt. The company generated $11 million in net income and paid $3 million in dividends.

Prepare the current balance sheet reflecting the changes that occurred at the company during the year.

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The following table presents the long-term liabilities and stockholders' equity of Information Control Corp. one year ago: Long-term debt Preferred stock Common stock ($1 par value) Capital surplus Accumulated retained earnings $ 66,000,000 4,100,000 16,000,000 46,000,000 136,000,000 The following table presents the long-term liabilities and stockholders' equity of Information Control Corp. one year ago: Long-term debt Preferred stock Common stock ($1 par value) Capital surplus Accumulated retained earnings $ 66,000,000 4,100,000 16,000,000 46,000,000 136,000,000