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 $ 120 192 $ 83 198 Investment revenue receivable Inventory Prepaid insurance Long-term investment 10 6 209 202 8 12 164 127 Land Buildings and equipment 200 152 421 404 Less: Accumulated depreciation (100) (124) Patent 34 38 $1,258 $1,098 Liabilities Accounts payable $ 52 $ 69 Salaries payable 10 Interest payable (bonds) 12 Income tax payable 14 Deferred tax liability 15 Notes payable 24 Lease liability 84 Bonds payable 217 279 Less: Discount on bonds (24) Shareholders' Equity Common stock 436 412 Paid-in capital-excess of par 99 Preferred stock 77 Retained earnings 253 230 13 18 10 0 (26) 87 0 Less: Treasury stock (11) 0 $1,258 $1,098