Target Corporation prepares its financial statements according to U.S. GAAP. Target’s financial statements and disclosure notes for the year ended February 3, 2018, are available here (https://corporate.target.com/annual-reports/2017/10-K/10-k-cover). This material also is available under the Investor Relations link at the company’s website (www.target.com). Target does not have investments in stock or bonds. However, CVS Health Corp., which purchased Target’s pharmacy and clinical business during 2015, does have some investments. Access CVS’s 2017 10K (issued on February 14, 2018) at investors.cvshealth.com to answer the following questions.

Required:

CVS Questions below:
1. In Notes 1, the investments are classified as Available for Sale Securities. CVS indicates in Note 1 that it has some short-term investments that consist of certificates of deposit (CDs).

a. Per CVS’s balance sheet, what was the balance in CVS’s short-term investments as of December 31, 2017, and December 31, 2016?

b. Per CVS’s statement of cash flows, what cash transactions affected short-term investments during 2017? Investment purchases? Cash received on investment maturity?