The comparative balance sheets for 2016 and 2015 are given below for Surmise Company. Net income for 2016 was $68 million.

SURMISE COMPANY Comparative Balance Sheets December 31, 2016 and 2015 ($ in millions)
	2016		2015
Assets
Cash	$	96	$	54
Accounts receivable		83		94
Less: Allowance for uncollectible accounts		(20)		(6)
Prepaid expenses		15		10
Inventory		161		145
Long-term investment		98		65
Land		86		86
Buildings and equipment		344		240
Less: Accumulated depreciation		(119)		(96)
Patent		19		20
	$	763	$	612
Liabilities
Accounts payable	$	16	$	29
Accrued liabilities		(1)		14
Notes payable		36		0
Lease liability		104		0
Bonds payable		58		114
Shareholders Equity
Common stock		63		50
Paid-in capitalexcess of par		257		205
Retained earnings		230		200
	$	763	$	612