Exercise 13-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below: RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2017 Cash $ 16,600 Accounts receivable 25,400 Investments 20,150 Equipment 60,050 Accumulated depreciation-equipment (14,150) Total $108,050 2016 $ 17,700 22,500 15,850 70,150 (10,500) $115,700 Accounts payable Bonds payable Common stock Retained earnings Total $ 14,450 10,800 50,000 32,800 $108,050 $ 11,050 30,200 44,800 29,650 $115,700 Additional information: 1. Net income was $18,750. Dividends declared and paid were $15,600. 2. Equipment which cost $10,100 and had accumulated depreciation of $1,900 was sold for $3,700. 3. No noncash investing and financing activities occurred during 2017