Comparative balance sheets for 2021 and 2020, a statement of income for 2021, and additional information from the accounting records of Red, Inc., are provided below. RED, INC. Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions) 2021 2020 Assets Cash $ 34 Accounts receivable 180 $ 121 142 Prepaid insurance 12 6 Inventory 250 185 Buildings and equipment 420 360 Less: Accumulated depreciation (129) (250) $ 767 $ 564 Liabilities Accounts payable $ 97 $ 120 Accrued liabilities 11 14 Notes payable 32 0 Bonds payable 121 0 Shareholders' Equity Common stock Retained earnings 410 410 96 20 $ 767 $ 564 < Prev 14 of 17 Next >