The comparative balance sheet for Short Company as of December 31, 2016 and 2015, is shown below, followed by the condensed income statement.

INSTRUCTIONS
Prepare a statement of cash flows for 2016. Additional information for the year follows:
a. Acquired land at a cost of $90,000; paid one-half of the purchase price in cash and issued common stock for the balance.
b. Sold used equipment for $30,000 in cash. The original cost was $50,000; depreciation of $15,000 had been taken. The remaining change in the Property, Plant, and Equipment account represents a purchase of equipment for cash. Total depreciation expense for the year was $10,000.
c. Issued bonds payable at par value for cash.
d. Sold bond investments costing $30,000 at no gain or loss during the year.
e. Paid $25,000 cash dividends on the common stock. Analyze: By what percentage did Cash increase from January 1 to December 31?

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Short Company Comparative Balance Sheet December 31, 2016 and 2015 2016 2015 Property Plant, and Equipment Investment in TVA Bonds 631 6 2 5 503 6 00 Liabilities and Stockholders' Equrity 67 3 0 975 88100 Total Liabilities 1300 0 264 5 75 394575 631 6 2 5 85 00 0 2100 00 295 0 00 5 03 6 00 Total Stockholders Equity Total Liabities and Stockholders Equity Short Company Condensed Income Statement Year Ended December 31,2016 8190 0 0 Costs and Expenses Cost of Goods Sold Depreciation Expense Selling and Administrative Expenses Interest Expense 782 50 10000 200150 1195 001 500 0 525 3942 5 79575 Loss on Sale of Equipment Income Taxes Expense Total Costs and Expenses Net Income After Income Taxes