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 ARDUOUS COMPANY Comparative Balance Sheets December 31, 2016 and 2015 (S in millions) 2016 2015 Assets Cash Accounts receivable Investment revenue receivable Inventory Prepaid insurance Long-term investment Land Buildings and equipment $ 140 93 202 218 16 219 212 24 137 162 424 (110) (144) 47 19 17 193 232 424 Less: Accumulated depreciation Patent $1,380 $ 1,189 Liabilities Accounts payable Salaries payable Bond interest payable Income tax payable Deferred income tax liability Notes payable Lease liability Bonds payable $ 62 10 21 24 35 35 04 89 30 16 28 20 Less Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Preferred stock Retained earnings 227 299 (34) (40) 478 422 07 236 228 87 (21) $ 1,380 Less Treasury stock $ 1,189