The comparative balance sheets for 2016 and 2015 and the income statement for 2016 are given below for Arduous Company. Additional information from Arduous's accounting records is provided also Comparative Balance Sheets December 31, 2016 and 2015 138 216 Accounts receivable 15 Investment revenue receivable 211 219 15 Prepaid insurance Long-term investment 218 423 422 Buildings and equipment Less: Accumulated depreciation $1.355 $1.179 Liabilities 61 Accounts payable Salaries payable 15 Bond interest payable Income tax payable Deferred income tax liability Notes payable Lease liability 226 297 Bonds payable Less: Discount on bonds Shareholders' Equity Common stock Paid-in cess of par capital-ex Preferred stock 263 221 Retained eamings Less: Treasury stock $1.355 $1.179 Income Statement For Year Ended December 31, 2016 Revenues and gain: Sales revenue Investment revenue 2 $543 Gain on sale of treasury bills Expenses and loss: 191 goods sold Salaries expense Depreciation expense Patent amortization expense 18 Insurance expense Bond interest expense 24 Loss on machine damage 47 416 Income tax expense