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Turner Company Balance Sheets (in millions) Dec. 31, Dec. 31, ASSETS: 2022 2021 Cash $155 $150 Investments 0 100 Accounts Receivable 450 400 Inventory

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Turner Company Balance Sheets (in millions) Dec. 31, Dec. 31, ASSETS: 2022 2021 Cash $155 $150 Investments 0 100 Accounts Receivable 450 400 Inventory 770 750 Property & Equipment 1,900 1,200 Accumulated Depreciation (600) (500) Total Assets $2,675 $2,100 LIABILITIES & STOCKHOLDERS' EQUITY: Accounts Payable $235 $200 Wages Payable 45 50 Unearned Revenue 35 25 Notes Payable 350 400 Common Stock & APIC 650 475 Retained Earnings 1,360 950 Total Liabilities & Stockholders' Equity $2,675 $2,100

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