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Miroz Corporation's comparative balance sheets are presented below. Additional information: 1. Net income was $17, 700. Dividends declared and paid were $9, 300. 2. Equipment

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Miroz Corporation's comparative balance sheets are presented below. Additional information: 1. Net income was $17, 700. Dividends declared and paid were $9, 300. 2. Equipment which cost $1 1,000 and had accumulated depreciation of $2,000 was sold for $4,000. 3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation

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