of direct 9o Cash Direct direct Comparative balance sheets for 2016 and 2015, a statement of income for 2016. and additional informace the accounting records of Red, Inc., are provided below. RED, INC. Comparative Balance Sheets December 31, 2016 and 2015 ($ in millions) 2016 2015 Assets $ 24 $110 Accounts receivable 178 132 Prepaid insurance Inventory 285 175 Buildings and equipment 400 350 Less: Accumulated depreciation (119) (240) $775 Liabilities Accounts payable $ 87 Accrued expenses payable Notes payable Bonds payable Shareholders' Equity Common stock 400 Retained earnings go octivities. $530 50 160 5775 E23.11 (LO 2) (SCF- dieet Method) Condensed financial data of Pat Metheny Company for 2020 and 2019 are presented below. Pat Metheny Company Comparative Balance Sheet As of December 31, 2020 and 2019 rect where Cash Receivables TV. Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) 2020 $1,800 1,750 1,600 1,900 (1,200) 1,300 $7,150 $1.200 200 1,400 1.900 2,450 650 Uso (3,07 (100) (20) 120 et - only 2019 $1.150 1.300 1,900 1,700 (1,170) 1,420 $6,300 $ 900 250 1,550 1,700 1,900 $6,300 . - Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings 300 (50) 150 200 5 50 of direct 9o Cash Direct direct Comparative balance sheets for 2016 and 2015, a statement of income for 2016. and additional informace the accounting records of Red, Inc., are provided below. RED, INC. Comparative Balance Sheets December 31, 2016 and 2015 ($ in millions) 2016 2015 Assets $ 24 $110 Accounts receivable 178 132 Prepaid insurance Inventory 285 175 Buildings and equipment 400 350 Less: Accumulated depreciation (119) (240) $775 Liabilities Accounts payable $ 87 Accrued expenses payable Notes payable Bonds payable Shareholders' Equity Common stock 400 Retained earnings go octivities. $530 50 160 5775 E23.11 (LO 2) (SCF- dieet Method) Condensed financial data of Pat Metheny Company for 2020 and 2019 are presented below. Pat Metheny Company Comparative Balance Sheet As of December 31, 2020 and 2019 rect where Cash Receivables TV. Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) 2020 $1,800 1,750 1,600 1,900 (1,200) 1,300 $7,150 $1.200 200 1,400 1.900 2,450 650 Uso (3,07 (100) (20) 120 et - only 2019 $1.150 1.300 1,900 1,700 (1,170) 1,420 $6,300 $ 900 250 1,550 1,700 1,900 $6,300 . - Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings 300 (50) 150 200 5 50