▸ TABLE 28.12 Balance sheet and income statement of Transylvania Railroad (figures in $ millions). Cash Accounts receivable Inventory Total current assets Fixed assets, net Total Notes payable Accounts payable Total current liabilities Long-term debt Equity Total Sales December 2012 December 2011 Balance Sheet 25 ៩ ៩៩៣ ៩៩ គឺ អ ខ គ ន 8 20 30 105 20 25 80 34 26 30 35 55 *+* 115 105 Income Statement Cost of goods sold Selling, general and administrative expenses Depreciation EBIT Interest Earnings before tax Tax Earnings available for common stock 10 20