v Exercise 17-7 (Part Level Submission) Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total Additional information: 2017 2016 $14,600 $10,300 21,600 23,900 20,500 25,900 70,200 70,200 (14,500) (10,800) $112,400 $119,500 $12,000 $28,200 74,000 73,300 26,400 18,000 $112,400 $119,500 1. Net income was $22,900. Dividends declared and paid were $14,500. 2. No noncash investing and financing activities occurred during 2017 3. The land was sold for cash of $4,700. (a) ROJAS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2017 For the Month Ended December 31, 2017 December 31, 2017 Adjustments to reconcile net income to $ $