The comparative balance sheets for 2016 and 2015 and the income statement for 2016 are given below for Arduous Company. Additional information from Arduouss accounting records is provided also.

ARDUOUS COMPANY Comparative Balance Sheets December 31, 2016 and 2015 ($ in millions)
	2016		2015
Assets
Cash	$	146	$	96

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 $ 146 $ 96 224 205 23 21 203 241 427 28 165 430 (109) (150) 47 Less: Accumulated depreciation Patent 43 $ 1,422 $1,214 Liabilities Accounts payable Salaries payable Bond interest payable Income tax payable Deferred income tax liability Notes payable Lease liability Bonds payable $65 $ 95 23 25 27 32 23 38 97 230 305 (37) (46) Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of p Preferred stock Retained earnings 455 115 90 277 (24) 425 100 ar 228 Less: Treasury stock $1,422 $ 1,214 ARDUOUS COMPANY Income Statement For Year Ended December 31, 2016 (S in millions) Revenues Sales revenue Investment revenue Gain on sale of treasury bills $557 4 $589 Expenses and loss: Cost of goods sold Salaries expense Depreciation expense Patent amortization expense Insurance expense Bond interest expense Loss on machine damage Income tax expense 195 43 30 51 442 Net income $147 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 $ 146 $ 96 224 205 23 21 203 241 427 28 165 430 (109) (150) 47 Less: Accumulated depreciation Patent 43 $ 1,422 $1,214 Liabilities Accounts payable Salaries payable Bond interest payable Income tax payable Deferred income tax liability Notes payable Lease liability Bonds payable $65 $ 95 23 25 27 32 23 38 97 230 305 (37) (46) Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of p Preferred stock Retained earnings 455 115 90 277 (24) 425 100 ar 228 Less: Treasury stock $1,422 $ 1,214 ARDUOUS COMPANY Income Statement For Year Ended December 31, 2016 (S in millions) Revenues Sales revenue Investment revenue Gain on sale of treasury bills $557 4 $589 Expenses and loss: Cost of goods sold Salaries expense Depreciation expense Patent amortization expense Insurance expense Bond interest expense Loss on machine damage Income tax expense 195 43 30 51 442 Net income $147