RED, INC. Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions) 2021 2020 Assets Cash $ 32 $ 128 Accounts receivable 149 140 Prepaid insurance 8 4 Inventory 301 183 Buildings and equipment 416 358 Less: Accumulated depreciation (127) (248) $ 779 $ 565 Liabilities Accounts payable $ 95 $ 116 Accrued liabilities 7 12 Notes payable 33 0 Bonds payable 170 0 Shareholders' Equity Common stock 408 408 Retained earnings 66 29 $ 779 $ 565 RED, INC. Statement of Income For Year Ended December 31, 2021 ($ in millions) Revenues Sales revenue Expenses Cost of goods sold Depreciation expense Operating expenses Net income $2,060 $1,457 41 492 1,990 70