The comparative balance sheet of Navaria Inc. for December 31, 20Y3 and 20Y2, is shown as follows: 1 Dec 31, 2013 Dec 31, 20Y2 2 Assets 3 Cash $626,170.00 $585,760.00 4 Accounts receivable (net) 227,840,00 208,880.00 616,790.00 s inventories 6 Investments 641,390.00 0.00 240,820.00 7 Land 0.00 554,020.00 327,380.00 704,290.00 (167,16000) $2,359,910.00 (148,930.00) 10 $2,057,340.00 8 Equipment Accumulated depreciation equipment Total assets 11 Liabilities and Stockholders' Equity 12 Accounts payable 15 Accrued expenses payable 14 Dividends payable 15 Common stock, 54 par $424,670.00 5404,080,00 43,080.00 52,050.00 24,920.00 19,300.00 140,000.00 102,000.00 16 Paid-in capital Excess of issue price over par-common stock 117400.00 280,600.00 1,309,840.00 1,199,310.00 1) Retained earings Total liabilities and stockholders' equity 11 $2,359,910.00 $2,057,340.00 Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: A. The investments were sold for $279,890 cash. B. Equipment and land were acquired for cash. C. There were no disposals of equipment during the year. D. The common stock was issued for cash. E. There was a $206,210 credit to Retained Earnings for net income. F. There was a $95,680 debit to Retained Earnings for cash dividends declared.