Rodriquez corporation's comparative balance sheets are presented below. rodriquez corporation comparative balance sheets december 31 2017 2016 cash $16,600 $17,700 accounts receivable 24,900 22,500 investments 20,250 16,150 equipment 59,750 70,150 accumulated depreciation—equipment (13,750 ) (10,100 ) total $107,750 $116,400 accounts payable $14,650 $11,050 bonds payable 10,800 30,100 common stock 50,500 44,600 retained earnings 31,800 30,650 total $107,750 $116,400 additional information: 1. net income was $18,650. dividends declared and paid were $17,500. 2. equipment which cost $10,400 and had accumulated depreciation of $1,800 was sold for $3,800. 3. no noncash investing and financing activities occurred during 2017.