Statement Of Cash Flow Practice Jamison Corp's balance sheet accounts as of December 31, 2011 and 2010 and information relating to 2011 activities are presented below December 31 2011 2010 Assets Cash Short-term investments Accounts receivable (net) Inventory Long-term investments Plant assets Accumulated depreciation Patent $440,000 $ 200,000 600,000 1,020,000 1,380.000 1,020,000 1,200,000 400,000 600,000 3,400,000 2,000,000 (900,000) (900,000) 180.000 200.000 Total assets $6.520.000 $4.320.000 Liabilities and Stockholders' Equity Notes payable (nontrade) Accounts payable and accrued liabilities $1,660,000 $1,440,000 580,000 Common stock, $10 par 1,600,000 1,400,000 Additional paid-in capital 800,000 500,000 Retained earnings 1.880.000 960.000 Total liabilities and stockholders' equity $6,520,000 $4.320.000 . Information relating to 2011 activities Net income for 2011 was $1,500,000 Equipment costing $1,000,000 and having a carrying amount of $320,000 was sold in 2011 for $360,000. A long-term investment was sold in 2011 for $320,000. There were no other transactions affecting long-term investments in 2011. 20,000 shares of common stock were issued in 2011 for $25 a share Short-term investments consist of treasury bills maturing on 6/30/12.