Chapter 21 Homework i 6 The comparative balance sheets for 2018 and 2017 and the income statement for 2018 are given below for Arduous Company Additional information from Arduous's accounting records is provided also ARDUOUS COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions) 2.85 2018 2017 points Assets Cash Accounts receivable Investment revenue receivable Inventory Prepaid insurance Long-term investment Land Buildings and equipment 120 87 196 14 212 12 176 288 418 206 1e 206 19 131 156 412 (132) (103) 36 Print Less Accumulated depreciation Patent $ 1,289 $1,135 Liabilities Accounts payable Salaries payable Bond interest payable Income tax payable Deferred income tax liability Notes payable Lease liability Bonds payable $ 56 $77 14 16 18 23 26 80 221 (28) 1e 21 14 287 (30) Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Preferred stock Retained earnings Less: Treasury stock 416 91 448 107 81 242 227 15)e $ 1,289 1,135 ARDUOUS COMPANY Income Statement For Year Ended December 31, 2018 (s in millions) Revenues and gain