17-9 Rodriquez Corporation's comparative balance sheets are d below. RODRIQUEZ CORPORATION Sheets ber 31 2017 Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment 2016 $17,300 22,100 16,050 69,850 $16,900 24,900 20,250 59,750 (14,150)(10,50o) Total $107,650$114,800 $11,250 11,00030,200 45,200 28,150 $107.650$114,800 $14,850 Accounts payable Bonds payable Common stock Retained earnings 49,900 31,900 Total Additional information: 1. Net income was $18,250. Dividends declared and paid were stH,500. 2. Equipment which cost s1o,100 and had accumulated depreciation of $1/700 was sold for $8,600 3. No noncash investing and financing activities occured durnng 2017