Comparative balance sheets for 2013 and 2012, a statement of income for 2013, and additional information from the accounting records of Red, Inc., are provided below.

RED, INC. Comparative Balance Sheets December 31, 2013 and 2012 ($ in millions)
	2013			2012
Assets
Cash	$	24		$	110
Accounts receivable		178			132
Prepaid insurance		7			3
Inventory		285			175
Buildings and equipment		400			350
Less: Accumulated depreciation		(119	)		(240	)
	$	775		$	530
Liabilities
Accounts payable	$	87		$	100
Accrued expenses payable		6			11
Notes payable		50			0
Bonds payable		160			0
Shareholders