Sheridan Corporation's comparative balance sheets are presented below. SHERIDAN CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $28,770 $12,500 Accounts receivable 20,000 27,000 Land 19,800 29,600 Building 71,800 71,800 Accumulated depreciation (18,600) (11.800) Total $121,770 $129,100 Accounts payable $14,170 $34,700 Common stock 78,600 70,800 Retained earnings 29,000 23,600 Total $121,770 $129,100 Additional information: 1 Net income was $31.500. Dividends declared and paid were $26.100 2. 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 $7.700.