The following is a condensed version of the comparative balance sheets for Pearl Corporation for the last two years at December 31. 2020 2019 Cash $345,150 $152,100 Accounts receivable 351,000 360,750 Investments 101,400 144,300 Equipment 581,100) 468,000 Accumulated Depreciation-Equipment (206,700) (173,550) Current liabilities 261,300 294,450 Common stock 312,000 312,000 Retained earnings 598,650 345.150 Additional information: Investments were sold at a loss of $19,500; no equipment was sold; cash dividends paid were $58,500; and net income was $312,000.