Amounts of the assets and liabilities of Torrance Associates Inc., as of December 31, 2020, are given as follows. Also included are revenue and expense figures for the year ended on that date (amounts in millions):

{Requirement}
Prepare the balance sheet of Torrance Associates Inc. at December 31, 2020.

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Property and equipment, net. Investment Long-term liabilities. Other expenses.. $4 Total revenue. 72 Receivables... 73 Current liabilities... 14 Common shares Cash....... 28 Interest expense.. Retained earnings, beginning.. 19 Salary and other employee expense...... Retained earnings, ending.. ? Other assets.. $ 35 253 290 12 43