The comparative balance sheet of Canace Products Inc. for December 31,20Y6 and 20Y5, is as follows: The income statement for the year ended December 31,20Y6, is as follows: Additional data obtained from an examination of the accounts in the ledger for 20Y6 are as follows: a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $175,300 cash d. The common stock was issued for cash. e. There was a $28,700 debit to Retained Earnings for cash dividends declared