The following is a condensed version of the comparative balance sheets for Grouper Corporation for the last two years at December 31. 2020 2019 Cash Accounts receivable $265,500 $117,000 270,000 277,500 Investments 78,000 111,000 Equipment 447,000 360,000 Accumulated Depreciation-Equipment (159,000) (133,500) Current liabilities 201,000 226,500 Common stock 240,000 240,000 Retained earnings 460,500 265,500 Additional information: Investments were sold at a loss of $15,000; no equipment was sold; cash dividends paid were $45,000; and net income was $240,000.