Exercise 13-7 (Part Level Submission) Rojas Corporation's comparative balance sheets are presented below ROJAS CORPORATION Comparative Balance Sheets 2015 2014 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings $13,810 21,360 20,150 69,910 $10,930 23,440 26,100 69,910 (15,110) (10,630) Total $110,120 $119,750 Accounts payable Common stock Retained earnings $12,750 74,130 23,240 $110,120 $31,480 69,160 19,110 $119,750 Total Additional information: 1. Net income was $22,577. Dividends declared and paid were $18,447 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 $4,760