Exercise 13-7 (Part Level Submission) Rojas Corporation's comparative balance sheets are presented below ROJAS CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings $ 14,600 $10,500 23,500 26,100 69,800 21,100 19,900 69,800 (15,200) (10,800) Total $110,200 $119,100 Accounts payable Common stock Retained earnings 11,900 $ 28,500 71,000 23,200 19,600 $110,200 $119,100 75,100 Total Additional information: 1. Net income was $22,600. Dividends declared and paid were $19,000. 2. No noncash investing and financing activities occurred during 2017. 3. The land was sold for cash of $4,500