The comparative balance sheets for 2018 and 2017 and the Income statement for 2018 are given below for Arduous Company. Additional Information from Arduous's accounting records is provided also. ARDUOUS COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions) 2018 2017 Assets Cash $ 152 $ 99 Accounts receivable 208 230 Investment revenue receivable 26 22 Inventory 226 218 Prepaid insurance 24 31 Long-term investment 212 143 Land 232 168 Buildings and equipment 437 436 Less: Accumulated depreciation (115) (156) Patent 49 53 $1,451 $1,244 Liabilities Accounts payable $ 68 $ 101 Salaries payable Bond interest payable Income tax payable Deferred income tax liability Notes payable Lease liability 100 Bonds payable 233 311 Less: Discount on bonds (40) (44) Shareholders' Equity Common stock 484 428 Paid-in capital-excess of par 131 103 Preferred stock 96 Retained earnings 243 225 Less: Treasury stock (27) $1,451 $1,244 30 32