Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $14,500 $10,400 Accounts receivable 21,300 23,900 Land 20,300 25,700 Buildings 69,800 69,800 Accumulated depreciation-buildings (15,000 ) (10,200 ) Total $110,900 $119,600 Accounts payable $12,500 $28,300 Common stock 75,400 71,500 Retained earnings 23,000 19,800 Total $110,900 $119,600 Additional information: 1. Net income was $22,300. Dividends declared and paid were $19,100. 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold for cash of $4,600.