Exercise 13-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below: RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment $16,600 $17,700 24,900 20,250 59,750 (13,750) 22,500 16,150 70,150 (10,100 ) Total $107,750 $116,400 Accounts payable Bonds payable Common stock Retained earnings $14,650 10,800 50,500 31,800 $107,750 $ 11,050 30,100 44,600 30,650 $116,400 Total Additional information: 1. Net income was $18,650. Dividends declared and paid were $17,500 2. Equipment which cost $10,400 and had accumulated depreciation of $1,800 was sold for $3,800 3. No noncash investing and financing activities occurred during 2017