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ROJAS CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings $14,300 $10,700 21,200 20,000 70,000 23,400 26,000 70,000 (15,000) (10,000) Total $110,500 $120,100 Accounts payable Common stock Retained earnings $31,100 69,000 20,000 $110,500 $120,100 $12,370 75,000 23,130 Total Additional information: 1. Net income was $22,630. Dividends declared and paid were $19,500 2. No noncash investing and financing activities occurred during 2017 3. The land was sold for cash of $4,900