Cash flow statement (indirect)

The comparative balance sheets for 2016 and 2015 and the income statement for 2016 are given below for Arduous Company. Additional information from Arduous's accounting records is provided also. ARDUOUS COMPANY Comparative Balance Sheets December 31, 2016 and 2015 in millions) 2016 2015 Assets Cash 116 81 Accounts receivable 194 1900 Investment revenue receivable Inventory 205 200 Prepaid insurance Long-term investment 156 125 Land 196 1500 Buildings and equipment 412 400 Less: Accumulated depreciation (97) (120) Patent 300 1,218 1,074 Liabilities Accounts payable 50 65 Salaries payable Bond interest payable Income tax payable 12 14 Deferred income tax liability Notes payable 23 Lease liability 82 Bonds payable 275 215 (22) (25) Less: Discount on bonds Shareholders' Equity 410 Common stock 430 Paid-in capital-excess of par 95 Preferred stock 75 Retained earnings 242 227 Less: Treasury stock (9) 1,218 1,074