Use the Inland Medical Supply, Inc., data in S11-10 to compute the following amounts for 2016:

1. Borrowing or payment of long-term notes payable, assuming Inland had only one long-term note payable transaction during the year
2. Issuance of common stock, assuming Inland had only one common stock transaction during the year
3. Payment of cash dividends?

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Inland Medical Supply, Inc. Income Statement Year Ended December 31, 2016 Revenue: Sales Revenue $684,000 Expenses: Cost of Goods Sold $334,000 61,000 192,000 Depreciation Expense Other Expenses Total Expense 587,000 $ 97,000 Net Income Inland Medioal Supply, Inc. Comparative Balance Sheet December 31, 2016 and 2015 ASSETS 2016 2016 LIABILITIES 2016 2016 Current: Current: $ 25,000 $ 10,000 63,000 77,000 10,000 72,000 226,000 $ 55,000 $ 32,000 Accounts Payable Salaries Payable Cash Accounts Receivable 43,000 21,000 11,000 84,000 4,000 Long-Term Notes Payable 91,000 9,000 Inventory Prepaid Expenses Long-Term Investments Fixed Assets, Net Accrued Liabilities 4,000 62,000 75,000 180,000 STOCKHOLDERS' EQUITY Common Stock 41,000 30,000 Retained Earnings 290,000 255,000 Total Liabilities and Total Assets $473,000 $412,000 Stockholders' Equity $473,000 | $412,000