Exercise 13-7 (Part Level Submission) Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31, 2015 2014 Cash $14,300 $10,700 23,400 Accounts receivable 21,200 20,000 26,000 Land 70,000 Buildings 70,000 (15,000 (10,000) Accumulated depreciation-buildings $120,100 $110,500 Total Accounts payable $12,370 $31,100 Common stock 75,000 69,000 23,130 20,000 Retained earnings $110,500 $120,100 Total Additional information: 1. Net income was $22,630. Dividends declared and paid were $19,500. 2. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $4,900