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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 $10,500 23,500 26,500 69,800 $14,200 21,700 20,200 69,800 (15,200)(11,000) Total $110,700 119,300 Accounts payable Common stock Retained earnings $11,800 $28,600 71,200 23,700 19,500 $119,300 75,200 Total S110,700 Additional information: Net income was $22,200. Dividends declared and paid were $18,000. 2. No noncash investing and financing activities occurred during 2017 3. The land was sold for cash of $4,200