The comparative balance sheets for 2021 and 2020 and the income statement for 2021 are given below for Arduous Company. Additional information from Arduous's accounting records is provided also. ARDUOUS COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions) 2021 2020 Assets Cash $ 126 $ 92 Accounts receivable Investment revenue receivable Inventory Prepaid insurance Long-term investment Land 201 216 17 219 15 211 15 23 189 136 219 $161. Buildings and equipment 430 422 Less: Accumulated depreciation Patent (107) 42 (142) 45 $1,351 $1,179 Liabilities Accounts payable $ 61 $ 87 Salaries payable 17 31 Interest payable (bonds) 19 15 Income tax payable 23 30 Deferred tax liability 33 19 Notes payable Lease liability 29 0 93 0 Bonds payable 226 297 Less: Discount on bonds (33) (38) Shareholders' Equity Common stock 463 421 Paid-in capital-excess of par 117 96 Preferred stock 86 0 Retained earnings 237 221 Less: Treasury stock (20) $1,351 $1,179