Problem 2-17 Balance Sheet (LG2-1) Mikey's Bar and Grill has total assets of $17 million, of which $11 million are current assets. Cash makes up 10 percent of the current assets and accounts receivable makes up another 40 percent of current assets. Mikey's gross plant and equipment has a book value of $15.5 million, and other long-term assets have a book value of $400,000. What is the balance of inventory and the balance of depreciation on Mikey's Bar and Grill's balance sheet? (Enter your answers in millions of dollars rounded to 1 decimal place.) Inventory $ 5.5 million Depreciation million