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. 2 Net income was $23,000. Dividends declared and paid were $17,300. No noncash investing and financing activities occurred during 2020. 3. The land was sold for cash of $4,700.