Saved ter 21 Pre-Built Problems Comparative balance sheets for 2018 and 2017, a statement of income for 2018, and additional information from the accountin records of Red, Inc., are provided below. RED, INC. Comparative Balance Sheets December 31, 2018 and 2017 (s in millions) 2018 2017 $ 30 122 eBook Print ferences Assets Cash Accounts receivable Prepaid insurance Inventory Buildings and equipment Less: Accumulated depreciation 125)(246) 190 13 254 455 138 181 356 s817 560 $97 $ 112 Liabilities Accounts payable Accrued expenses payable Motes payable Bonds payable Shareholders' Equity Common stock Retained earnings 12 56 162 21 406 R4 406 21 817 560 RED, INC. Statement of Income For Year Ended December 31, 2018 in milliona) Revenues Sales revense Expenses Cost of goods sold Depreelation expense Operating expenses 62,080 1,444 31 486 1:961