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 $104.

Dividends paid during the year ended December 31, 2016, were $32.

Cash increased $32 during the year ended December 31, 2016.

The cost of new equipment acquired during 2016 was $60; 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 $168.

EPISCO, INC.
Balance Sheets
December 31, 2016 and 2015
Assets	2016	2015	Liabilities and Stockholders Equity	2016	2015
Current assets			Current liabilities
Cash	$152	$120	Note payable	$196	$160
Accounts receivable	504	480	Accounts payable	492	440
Inventory	964	920	Total current liabilities	$688	$600
Total current assets	$1,620	$1,520	Long-term debt		$320
			Total liabilities		$920
Land	$100	$100	Stockholders Equity
Equipment	1,560	1,500	Common stock	$800	$800
Less: Accumulated depreciation	(720)	(640)	Retained earnings		760
Total land & equipment	$940	$960	Total stockholders equity		$1,560
Total assets	$2,560	$2,480	Total liabilities & stockholders equity	$2,560	$2,480