Michelle Weng Corporation's comparative balance sheets are presented below. The company had net income of $6,900 for the year and paid dividends of $10,500. Michelle Weng Corporation Comparative Balance Sheets December 31 2024 2023 Cash $ 3,570 $ 10,700 Accounts receivable 19,200 22,400 Land 17,000 27,000 Building 90,000 70,000 Accumulated depreciation (25,000) (10,000) Total $104,770 $120,100 Accounts payable $ 12,370 $31,100 Common stock 76,000 69,000 Retained earnings 16,400 20,000 Total $104,770 $120,100