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 (S in millions) 2016 2015 Assets Cash Accounts receivable Investment revenue receivable Inventory Prepaid insurance Long-term investment Land Buildings and equipment $ 140 202 19 219 93 218 16 193 220 424 (110) 24 137 162 424 (144) 47 Less: Accumulated depreciation Patent $1,368 $1,189 Liabilities Accounts payable Salaries payable Bond interest payable Income tax payable Deferred income tax liability Notes payable Lease liability Bonds payable 89 30 16 $ 62 19 21 24 35 29 94 227 (34) 299 Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Preferred stock Retained earnings 422 97 478 87 230 (21) 228 Less: Treasury stock $ 1,368 1,189