The comparative balance sheets for 2021 and 2020 and the income statement for 2021 are given below for Arduous Co 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 Investment revenue receivable: Inventory Prepaid insurance Long-term investment Land Buildings and equipment Less: Accumulated depreciation Patent $ 119 195 $ 86 204 12 9 213 205 10 18 172 130 206 155 417 410 (99) (130) 34 37 $ 1,279 $ 1,124 Liabilities Accounts payable Salaries payable Interest payable (bonds) Income tax payable Deferred tax liability Notes payable Lease liability Bonds payable Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Preferred stock Retained earnings Less: Treasury stock $ 55 $ 75 12 21 14 9 17 19 21 13 26 0 80 220 285 (27) (30) 445 415 105 90 80 0 245 227 (14) 0 $ 1,279 $ 1,124