Exercise 13-9 Rodriquez Corporation's comparative balance sheets are presented belovw RODRIQUEZ CORPORATION December 31 e Balance Sheets 2017 $16,800 25,400 19,750 60,050 2016 $17,600 Cash Accounts receivable Investments Equipment Accumulated depreciation-equip 22,100 16,250 69,950 (13,75010,400) ment Total $108,250 $115,500 Accounts payable Bonds payable Common stock Retained earnings $14,650 10,000 50,300 33,300 $108,250 $11,250 30,100 44,600 29,550 $115,500 Total Additional information: 1. Net income was $18,750. Dividends declared and paid were $15,000 2. Equipment which cost $9,900 and had accumulated depreciation of $1,600 was sold for $3,800 3. No noncash investing and financing activities occurred during 2017