The comparative balance sheet for Long Company as of December 31, 2019 and 2018, is shown below, followed by the condensed income statement.

INSTRUCTIONS
Prepare a statement of cash flows for 2019. Additional information for the year follows:
a. Acquired land at a cost of $80,000; 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 $20,000 at no gain or loss during the year.
e. Paid $25,000 in cash dividends on the common stock.

Analyze: By what percentage did Cash increase from January 1 to December 31?

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Long Company Comparative Balance Sheet December 31, 2019 and 2018 Assets 2019 2018 Cash 122875 8 7000 8 4 150 6 500 1 10000 194000 17 9 0 0 40000 59750 67750 75000 5000 30000 229000 22900 Accounts Receivable (Net) Merchandise Inventory Prepaid Rent Land Property, Plant, and Equipment Less Accumulated Depreciation-PPE Investment in TVA Bonds 6 0000 Total Assets 626625 503600 Liabilities and Stockholders' Equity Liabilities |0 Accounts Payable 6 7 300 88 100 | 10500 110000 208600 Income Taxes Payable Bonds Payable 9750 160000 |237050 Total Liabilities Stockholders' Equity 85000 210000 295000 125000 26 4 575 Common Stock Retained Earnings Total Stockholders' Equity 389575 Total Liabilities and Stockholders' Equity 6 266 25 503600 Long Company Condensed Income Statement Year Ended December 31, 2019 Revenues 819000 Costs and Expenses 4 78250 10000 200150 19500 500 0 26525 739425 79575 Cost of Goods Sold Depreciation Expense Selling and Administrative Expenses Interest Expense Loss on Sale of Equipment Income Taxes Expense Total Costs and Expenses Net Income After Income Taxes