Construct the current balance sheet reflecting the changes

Reference no: EM131419708

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 8 million shares of new stock at a total price of $29 million, and issued $6 million in new long-term debt. The company generated $7 million in net income and paid $2.5 million in dividends. Construct the current balance sheet refl ecting the changes that occurred at Information Control Corp. during the year.

Reference no: EM131419708

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