consolidated balance sheet utah international inc and subsidiaries assets — october 31 current assets cash marketable securities accounts and notes receivable current portion of long-term receivables inventories prepaid expenses total current assets affiliated companies note 3 joint ventures and partnerships note 4 land and real estate at cost — real estate held for development and sale land and improved real estate held for investment less accumulated depreciation of 3,531 in 1975 and 4,042 in 1974 other assets net of current portion loans for construction of railroad and power facilities long-term receivables and other net of reserve of 17,226 in 1975 and$14?997in1974)(note4 property plant and equipment mining properties — lands leases and development costs equipment and facilities facilities under development oil and gas properties other less — accumulated depreciation depletion and amortization the accompanying accounting policies a are an integral part of this statement $ 193,006 84,470 10,086 7,866 131,997 110,402 7,155 liabilities and stockholders equity - october 31 notes 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 note 7 unsecured secured deferred credits notes 5 and 8 income taxes other $ 14,291 32,075 46,404 83,816 $ 176,586 $ 219,779 4,022 $ 76,652 8,926 minority interest in subsidiaries contingent liabilities and commitments note 10 stockholders equity preferred stock without par value — authorized - 1 000,000 shares 300 cumulative convertible series — issued 2 shares in 1975 and 66 shares in 1974 common stock par value 2 per share note 11 — authorized — 80,000,000 shares issued — 31 533,785 shares in 1975 and 31,532,997 shares in 1974 paid-in capital retained earnings note 12 treasury stock at cost — 491 shares in 1975