Following is a partially completed balance sheet for Episco, Inc., at December 31, 2016, together with comparative data for the year ended December 31, 2015. From the statement of cash flows for the year ended December 31, 2016, you determine the following: Net income for the year ended December 31, 2016, was $182. Dividends paid during the year ended December 31, 2016, were $56. Cash increased $56 during the year ended December 31, 2016. The cost of new equipment acquired during 2016 was $105; no equipment was disposed of. There were no transactions affecting the land account during 2016, but it is estimated that the fair market value of the land at December 31, 2016, is $294.

Required: Complete the balance sheet at December 31, 2016.

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EPISCO, INC.
Balance Sheets
December 31, 2016 and 2015
Assets	2016	2015	Liabilities and Stockholders Equity	2016	2015
Current assets			Current liabilities
Cash		$210	Note payable	$343	$280
Accounts receivable	882	840	Accounts payable	861	770
Inventory	1,687	1,610	Total current liabilities	$1,204	$1,050
Total current assets		$2,660	Long-term debt		$560
			Total liabilities		$1,610
Land		$175	Stockholders Equity
Equipment		2,625	Common stock	$1,400	$1,400
Less: Accumulated depreciation	(1,260)	(1,120)	Retained earnings		1,330
Total land & equipment		$1,680	Total stockholders equity		$2,730
Total assets		$4,340	Total liabilities & stockholders equity		$4,340

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