Question 6 of 7 < > View Policies Show Attempt History Current Attempt in Progress Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $14,700 $11,000 Accounts receivable 21,100 23,800 Land 20,000 25,600 Buildings 70,000 70,000 Accumulated depreciation-buildings (15,400) (10,700) Total $110,400 $119,700 Accounts payable $12,300 $28,100 Common stock 74,600 73,800 Retained earnings 23.500 17,800 Total $110,400 $119,700 Additional information: 1 Net income was $23,000. Dividends declared and paid were $17,300 2 No noncash investing and financing activities occurred during 2020. 3 The land was sold for cash of $4,700.