The following changes took place during the year in Pavolik Company's balance sheet accounts:

$=$ Decrease; I $=$ Increase

$\_$ong$-$term investments that had cost the company $$6$ were sold during the year for $$16,$ and land that had

cost $$15$ was sold for $$9.$ In addition, the company declared and paid $$30$ in cash dividends during the year.

No sales or retirements of plant and equipment took place during the year.

The company's income statement for the year follows: