The comparative balance sheets for 2016 and 2015 are given below for Surmise Company. Net income for 2016 was $64 million SURMISE COMPANY Comparative Balance Sheets December 31, 2016 and 2015 ($ in millions) 2016 2015 Assets Cash Accounts receivable $ 109 $ 71 90 (14) (2) 81 Less: Allowance for uncollectible accounts Prepaid expenses Inventory Long-term investment Land Buildings and equipment 10 149 135 86 55 82 82 328 230 (112) (92) 19 Less: Accumulated depreciation Patent 17 736 $ 596 Liabilities Accounts payable Accrued liabilities Notes payable Lease liability Bonds payable Shareholders' Equity Common stock Paid-in capita-excess of par Retained earnings $ 14 $ 25 (4) 12 32 98 56 108 61 50 253 205 226 196 $ 736 $ 596