Planner Corporation's comparative balance sheets are presented below. Cash Accounts receivable Land Building Accumulated depreciation Total Accounts payable Common stock Retained earnings Total PLANNER CORPORATION Comparative Balance Sheets December 31 Additional information: 1. 2. 2020 $21,570 18,200 18,000 70,000 (15,000 ) $112,770 $12,370 75,000 25,400 $112,770 2019 $10,700 23,400 26,000 70,000 (10,000 ) $120,100 $31,100 69,000 20,000 $210,100 G R Net income was $27,900. Dividends declared and paid were $22,500. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $5,900. ||

Planner Corporation's comparative balance sheets are presented below. Additional information: 1. Net income was $27,900. Dividends declared and paid were $22,500. 2. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The fand was sold for $5,900. 15,000 or in parenchesises (15,000\%) PLANNER CORPORANON Statement of Cash Flows For the Year Endet Decenber 312000v Adjustments to reconcile net income to 5