MESSAGE MY INSTRUCTOR FULL SCREEN Exercise 13-7 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 14,300 21,200 20,000 70,000 (15,000)(10,000) 10,700 23,400 26,000 70,000 Total $110,500$120,100 $31,100 69,000 23,13020,000 $110,500 $120,100 Accounts payable Common stock $12,370 75,000 Retained earnings Total Additional information: 1. Net income was $22,630. Dividends declared and paid were $19,500. 2. No noncash investing and financing activities occurred during 2017. 3. The land was sold for cash of $4,900