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 ($ in millions) 2016 2015 Assets Cash Accounts receivable Investment revenue receivable Inventory Prepaid insurance Long-term investment Land Buildings and equipment $ 118 $ 82 196 191 207 6 160 199 413 201 9 126 151 402 (98) (122) 35 Less: Accumulated depreciation Patent 32 $1,236 $1,085 Liabilities Accounts payable Salaries payable Bond interest payable Income tax payable Deferred income tax liability Notes payable Lease liability Bonds payable $ 51 $ 67 12 20 9 13 13 24 83 216 (23) 277 (28) Less: Discount on bonds Shareholders' Equity Common stock Paid-in capita-excess of par Preferred stock Retained earnings 435 96 76 244 (10) 411 86 226 Less: Treasury stock $1,236 $1,085