Problem 2-7 Building a Balance Sheet The following table presents the long-term liabilities and stockholders' equity Information Control Corp. from one year ago 66,400,000 $ Long-term debt Preferred stock Common stock ($1 par value) Accumulated retained earnings 4.140.000 16.400,000 136,400,000 Capital surplus 46.400,000 During the past year, the company issued 11.4 million shares of new stock at a total pric of $60.8 million and issued $36.4 million in new long-term debt. The compar generated $11.8 million in net income and paid $3.4 million in dividends. Construct the current balance sheet reflecting the changes that occurred at the company during the year. (Do not round Intermediate calculations and enter you answers in dollars, not millions of dollars. e.g. 1,234,567.) Information Control Corp. Current Balance Sheet s Long-term debt 102,800,000 $ 102.800.000 $ Total long-term debt Shareholders equity Preferred stock Common stock Accumulated retained earnings Capital surplus 4.140.000 27.800.000 144.800.000 2 Total equity Total Liabilities & Equity