Long-term liabilities and stockholders equity

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Reference no: EM131511742

The following table presents the long-term liabilities and stockholders’ equity of Information Control Corp. one year ago: Long-term debt $ 66,000,000 Preferred stock 4,100,000 Common stock ($1 par value) 16,000,000 Capital surplus 46,000,000 Accumulated retained earnings 136,000,000 During the past year, the company 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. (Do not round intermediate calculations. Enter your answers in dollars, not millions of dollars, e.g., 1,234,567.) Information Control Corp.

Current Balance Sheet

Total long-term debt

Shareholders equity

Total equity

Total Liabilities & Equity

Reference no: EM131511742

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