Set forth below is a partially completed balance sheet for Episco, Inc., as of December 31, 2016, along with comparative data for the year ended December 31, 2015. From the statement of cash flows for the year ended December December 31, 2016, you determine the following:

Net income for the year ended December 31, 2016 was $104.

Dividends paid during the year ended December 31, 2016 were $32.

Cash increased by $32 during the year ended December 31, 2016.

The cost of the new equipment purchased during 2016 was $60; no team was removed.

There were no transactions affecting the land account during 2016, but the fair market value of the land as of December 31, 2016 is estimated to be $168.

EPISCO, INC.
Balances
December 31, 2016 and 2015
Assets	2016	2015	Liabilities and Equity	2016	2015
Current assets			current liabilities
Money	$152	$120	Pay	$196	$160
accounts receivable	504	480	Accounts payable	492	440
Inventory	964	920	Total current liabilities	$688	$600
Total current assets	$1,620	$1,520	long term debt		$320
			Full responsibility		$920
Tierra	$100	$100	stockholders' equity
Equipment	1,560	1,500	Common actions	$800	$800
Less: Accumulated depreciation	(720)	(640)	Retained earnings		760
Total land and equipment	$940	$960	Equity of total shareholders		$1,560
total assets	$2,560	$2,480	Total liabilities and stockholders' equity	$2,560	$2,480