Question 1 Rojas Corporation's comparative balance sheets are presented below ROJAS CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings $15,200 $10,600 20,700 20,300 69,900 23,500 26,300 69,900 (14,800) (10,500) Total $111,300 $119,800 Accounts payable Common stock Retained earnings $11,800 75,900 23,600 $28,300 71,600 19,900 111,300 $119,800 Total Additional information: 1. Net income was $23,100. Dividends declared and paid were $19,400 2. No noncash investing and financing activities occurred during 2017 3. The land was sold for cash of $4,500