Post-closing trial balance data and other financial data for The Candy Company as of December 31, 2016 and 2015, follow.

INSTRUCTIONS
Prepare a statement of cash flows for 2016. Additional information for the year follows:
a. Sold common stock for $20,000 in cash.
b. Had net income of $76,000 after income taxes.
c. Sold bonds payable for $50,000 cash at par value.
d. Completed a major addition to the building for $70,000 in cash.
e. Bought additional land for $35,000 in cash.
f. Paid common stock dividends of $25,000 in cash.
g. Amortized intangible assets for $700.
h. The short-term note payable resulted from operating activities, not borrowing or financing activities.
Analyze: Were activities related to operations, investing, or financing responsible for the largestnet inflow of cash?

Postclosing Trial Balance December 31, 2016 and 2015 2016 2015 Account Name 8 94000 0 9 15000 0 8 6000 0 0 6 6 45 000 210000 4 00000 0 11 50000 0 62 75000 7 50000 0 2 Plant and Equipment Accumulated Depreciation Plant and Equipment 1 8500 0 0 1 15000 0 |1|01010 0 Notes Payable-Short Term 6 0000 0 2 5715|010 0 70000 5000 0 12 9 00 000 5 00101010 0 100000 0 3 17500 0 25000o 30000 0 1 3 50000 0 Mortgage Payable, 2023 7% Bonds Payable, 2018 Common Stock $1 par 5 00000 0 1 5 73000 0 2 0 83 000 0 05000401050o