3. You'll now be tasked with constructing a Statement of Cash Flows for the Halpern Corporation. A comparative balance sheet for Halpern Corporation is presented hate. Additional information: 1. Net loss for 2020 is $20,000. 2. Cash dividends of $14,000 were declared and paid in 2020 3. Land was sold for cash at a loss of $4,000. This was the only land transaction during the year. 4. Equipment with a cost of $15,000 and accumulated depreciation of $10,000 was sold for $5,000 cash. 5. Depreciation expense for the year was $17,000 6. Assume that the Bonds payable is long term debt Instructions: (a) How much was the cash proceeds from the sale of the land? ( 0.5 point) (b) Prepare a Statement of Cash Flows for the year ended 2020 using the indirect method (you are given exactly as many lines as you need): (4.5 points) 3. You'll now be tasked with constructing a Statement of Cash Flows for the Halpern Corporation. A comparative balance sheet for Halpern Corporation is presented hate. Additional information: 1. Net loss for 2020 is $20,000. 2. Cash dividends of $14,000 were declared and paid in 2020 3. Land was sold for cash at a loss of $4,000. This was the only land transaction during the year. 4. Equipment with a cost of $15,000 and accumulated depreciation of $10,000 was sold for $5,000 cash. 5. Depreciation expense for the year was $17,000 6. Assume that the Bonds payable is long term debt Instructions: (a) How much was the cash proceeds from the sale of the land? ( 0.5 point) (b) Prepare a Statement of Cash Flows for the year ended 2020 using the indirect method (you are given exactly as many lines as you need): (4.5 points)