The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for National Intercable Company. Additional information from NIC's accounting records is provided also NATIONAL INTERCABLE COMPANY Comparative Balance Sheets December 31, 2018 and 2017 $ in millions) 2018 2017 Assets Cash Accounts receivable $ 57 181 55 170 Less: Allowance for uncollectible accounts Prepaid insurance Inventory Long-term investment Land Buildings and equipment 12 165 90 150 270 170 150 290 (85) (75) Accumulated depreciation Less: Trademark 24 Liabilities Accounts payable Salaries payable Deferred income tax liability Lease liability Bonds payable 25 852 856 $ 30 45 15 275 18 68 145 (22) (25) Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Preferred stock Retained earnings 310 95 50 290 85 155 03 $852 $ 856