Exercise 5-15 Presented below is a condensed version of the comparative balance sheets for Pina Corporation for the last two years at December 31 2017 380,550 387,000 111,800 640,700 2016 Cash Accounts receivable Investments Equipment Accumulated Depreciation-Equipment Current liabilities Common stock Retained earnings $167,700 397,750 159,100 516,000 (191,350) 324,650 344,000 380,550 288,100 344,000 660,050 Additional information: Investments were sold at a loss of $21,500; no equipment was sold; cash dividends paid were $64,500; and net income was $344,000