Cullumber Company's comparative balance sheets are presented below Cullumber Company Comparative Balance Sheets December 31 2019 2018 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings $14,200 10,000 22,900 25,500 69,500 (14,500) (10,000) $109,400$117,900 20,700 19,500 69,500 Total Accounts payable Common stock Retained earnings 11,800 27,600 71,000 19,300 $109,400$117,900 74,000 23,600 Total Additional information: 1. Net income was $22,100. Dividends declared and paid were $17,800 2. No noncash investing and financing activities occurred during 2019 3. The land was sold for cash of $4,400