ABC Corporation Comparative Balance Sheet December 31,2020 2020 2019 $ Assets Cash Accounts Receivables Land Equipment Accumulated Depreciation - Equipment Total Liabilities and Stockholders' Equity Accounts Payable Common Stocks Retained Earnings Total 45.500 16,300 25,000 35,000 (4,500) 117300 $ 25,000 15,000 35,000 20,000 (2,500) $ 92.500 S $ $ 1,500 65.000 50.800 117,300 2.500 50,000 40.000 92.500 s 5 Additional Information: 1. Net Income for 2020 was $ 32,800 2. The company paid $ 12,000 cash for dividende 3. Equipement costing $25,000 was purchased for cash 4. Issued common stock for $15,000 cash The land was sold for $ 14.000 cash