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 Accounts receivable $ 131 $ 92 201 216 Investment revenue receivable Inventory Prepaid insurance Long-term investment Land Buildings and equipment Less: Accumulated depreciation 17 15 219 211 15 23 189 136 218 161 423 422 (107) (142) Patent 43 45 $ 1,349 $ 1,179 Liabilities Accounts payable $ 61 Salaries payable 17 31 Interest payable (bonds) 19 15 Income tax payable 23 Deferred tax liability 33 Notes payable Lease liability Bonds payable 29 86 226 297 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 242 221 Less: Treasury stock (20) $ 1,349 $1,179 ARDUOUS COMPANY