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Lake Co. receives nonrefundable advance payments with special orders for containers constructed to customer specifications. Related information for 2016 is as follows ($ in millions):

Lake Co. receives nonrefundable advance payments with special orders for containers constructed to customer specifications. Related information for 2016 is as follows ($ in millions):

Customer advances balance, Dec. 31, 2015 $118
Advances received with 2016 orders 194
Advances applicable to orders shipped in 2016 179
Advances from orders canceled in 2016 35

What amount should Lake report as a current liability for advances from customers in its Dec. 31, 2016, balance sheet?

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