consolidated balance sheets utah construction & mining co and subsidiarie current assets cash marketable securities at cost which approximates market accounts and notes receivable inventories at the lower of average cost or market — mining dredging prepaid expenses total current assets investments affiliated companies note 1 equity in joint ventures and limited partnership land and real estate — real estate held for development and sale land held for investment improved real estate held for investment less accumulated depreciation of 2,71 7,541 in 1 969 and 2,467,31 0 in 1 968 other assets long-term receivables other equipment and facilities at cost mining lands leases and development costs mining equipment and facilities dredging equipment and facilities other less - accumulated depreciation and depletion note 6 $ 7,674,257 32,512,817 10,696,432 7,977,639 1,079,152 2,074,463 $ 78,806,546 2,068,741 33,461,157 2,265,379 125,073,091 $ 26,192,057 3,108,443 $ 29,300,500 $ 21,406,085 69,727,217 5,340,723 4,009,037 100,483,062 36,270,024 $ 5,528,795 42,419,207 15,594,514 6,065,154 1,050,709 1,825,160 $ 72,483,539 ; 69,770,051 2,159,727 31,064,594 2,687,314 114,382,834 $ 16,978,222 2,034,058 $ 19,012,280 $ 15,927,721 54,036,493 6,446,026 14,580,101 $ 90,990,341 39,071 764 liabilities and capital current liabilities bank loans notes and contracts payable and current portion of long-term liabilitie accounts payable accrued liabilities accrued income taxes total current liabilities long-term liabilities net of current portion notes 3 and 4 unsecured assessment liens purchase money obligations and other notes secured only by related land and real estate reserves and other deferred income taxes including estimated taxes of 5,252,797 in 1969 and 4,105,415 in 1968 payable upon distribution of earnings of affiliated companies and subsidiaries other contingent liabilities and commitments note 10 stockholders equity preferred stock without par value - authorized - 1,000,000 shares issued - none common stock par value 2 per share note 3 — authorized - 20,000,000 shares issued - 12,917,142 shares in 1969 and 12,912,711 shares in 1968 4,304,237 shares before three-for-one stock split - note 8 capital surplus earned surplus including equity in undistributed earnings of affiliates notes 1 and 4 treasury stock at cost 200 shares in 1969 and 6,801 shares in 1968 2,267 shares before three-for-one stock split - note 8 $ 3,491,739 4,412,361 6,784,418 5,121,847 $ 19,810,365 $ 92,864,000 23,616,546 $ 10,672,076 4,083,253 25,834,284 347,475 103,375,108 1,718 129,555,149 280,601,389 $ 3,662,464 4,751,597 6,848,042 2,187,957 $ 17,450,060 $ 94,029,000 20,582,323 $ 7,970,114 8,159,443 8,608,474 3,018,371 98,037,888 109,606,290 257,797,230