View Policies Current Attempt in Progress Novak Corp's comparative balance sheets are presented below Novak Corp. Comparative Balance Sheets December 31 2019 2018 Cash $ 16,800 $ 17,300 Accounts receivable 24,900 22. 200 Investments 20,250 16.250 Equipment 60.050 70,250 Accumulated depreciation--equipment (13,850) (10.100) Total $108,150 $115,900 Type here to search M S R T 2 P S F G . K c B N M Alt AM Question 5 of 6 Accumulated depreciation equipment (13,850) (10.100) Total $108,150 $115.900 Accounts payable $14.550 $11.050 10.900 30,000 Bonds payable Common stock Retained earnings 49.500 45,400 33.200 29.450 Total $108.150 $115,900 Additional informations 1 2 Net income was $18.550, Dividends declared and paid were $14.800. Equipment which cost $10.200 and had accumulated depreciation of $1.500 was sold for $3,500 No noncashiresting and financing activities occurred during 2019, o @ CM 3 Type here to search E R S D F K X N C B M B