The comparative balance sheet of Navaria Inc. for December 31, 20Y3 and 20Y2, is shown as follows: Dec. 31, 20Y3 Dec. 31, 20Y2 Assets $625,680.00 $586,23000 208,85000 617,650.00 240,620.00 0.00 553,320.00 16631000) 147,84000) $2,361,010.00 $2,058,830.00 s Cash 4 Accounts receivable (net) s Inventories Investments 7 Land 1 Equipment 228,100.00 640,910.00 0.00 328,09000 704,54000 Accumulated depreciation- equipment 10 Total assets Liabiluties and Stodholders Equity 404,550.00 52,02000 20,170.00 106,000.00 279,900.00 1,310,85000 1,196190.00 2,361,010.00 $,058,83000 $425,280.00 $ 12 Accounts payable s Accrued expenses payable 4 Dividends payable 15 Common stock, $4 par 16 Paid-in capital: Excess of issue price over par-common stock 7 Retained eamings t Total liabilities and stockholders equity 41,990.00 24,190.00 142,000.00 416,700.00 Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: A. The investments were sold for $279,190 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 $211,240 credit to Retained Earnings for net income. F. There was a $96,580 debit to Retained Eamings for cash dividends declared