Statement of cash flows (indirect method) The comparative income statement and balance sheets of The Towne Company as of December 31, 2016 and 2015 are as follows:

COMPANY MUNICIPALITY Statement of income For the year ended December 31, 2016
Earned Service Fees		$317,000
Income from dividends and interests		14,000
		$331,000
Salaries and other operating expenses	$285,000
depreciation expense	55,000
Franchise amortization expense	10,000
Loss on Equipment Sale	7,000
Investment Sale Gain	(17,000)	340.000
Net loss		$(9,000)

COMPANY MUNICIPALITY Balance sheets
	December 31, 2016	December 31, 2015
Assets
Money	$43,000	$33,000
accounts receivable	13,000	18,000
interest receivable	-	4,000
Prepaid expenses	16,000	10,000
Long-term investments: available for sale	-	70.000
Investment fair value adjustment	-	10,000
plant assets	696,000	655.000
Accumulated depreciation	(237,000)	(185.000)
Franchise	91,000	29,000
total assets	$622,000	$644,000
Liabilities and Equity
Accrued Obligations	$12,000	$14,000
Pay	-	26,000
Common Stock ($10 par value)	595,000	535.000
Retained earnings	35,000	59,000
Unrealized gain on investments	-	10,000
Auto carter	(20,000)	-
Total Liabilities and Stockholders' Equity	$622,000	$644,000

The following transactions occurred during the year:
1. Sold equipment for $9,000 in cash that originally cost $19,000 and had accumulated depreciation of $3,000.
2. He sold long-term investments that had cost $70,000 for $87,000 in cash. Unrealized gains totaling $10,000 related to these investments had been recorded in prior years. At the end of the year, the balances of the fair value adjustment account and the unrealized gain account were eliminated.
3. He paid cash to extend the company's exclusive franchise for another three years.
4. He paid a promissory note at the bank on January 1.
5. Declared and paid a dividend of $15,000.
6. Purchase of own shares in cash.
7. Acquired land valued at $60,000 by issuing 6,000 common shares.

1. Required
   a. Calculate the change in cash that occurred in 2016.
   b. Prepare a statement of cash flows using the indirect method.
2. c. Calculate  Change in Cash during 2016
3.