The balance sheet of Amico Chemical is shown below. If the December 31, 2015 value of operations is $220 million, what is the December 31, 2015 value of equity?

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Balance Sheet, December 31, 2015 (Millions of Dollars) Liabilities and Equity Assets $ 20.0 Accounts payable Notes payable $ 19.0 Cash Marketable securities 70.0 24.0 Accounts receivable Accruals 65.0 51.0 Inventories 110.0 Total current liabilities 140.0 Total current assets Long-term bonds 219.0 80.0 Net plant and equipment Preferred stock 35.0 225.0 Common stock 100.0 Retained earnings 89.0 Common equity 189.0 Total liabilities and equity Total assets $444.0 $444.0