Construct the current balance sheet reflecting the changes

Reference no: EM13284755

Building a Balance Sheet The following table presents the long-term liabilities and stockholders' equity of Information Control Corp. one year ago: During the past year, Information Control issued 10 million shares of new stock at a total price of $58 million, and issued $35 million in new long-term debt. The company generated $9 million in net income and paid $2 million in dividends. Construct the current balance sheet reflecting the changes that occurred at Information Control Corp. during the year.

Reference no: EM13284755

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