Rojas Corporations comparative balance sheets are presented below.

Question 1 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 $14,200 20,700 19,500 69,500 (14,500) $10,000 22,900 25,500 69,500 (10,000) $109,400 $117,900 Accounts payable Common stock Retained earnings $27,600 71,000 19,300 $109,400 $117,900 $11,800 74,000 23,600 Additional information: 1. Net income was $22,100. Dividends declared and paid were $17,800 2. No noncash investing and financing activities occurred during 2017 3. The land was sold for cash of $4,400