Problem $2$ HL Ltd$.$ purchases energy$-$efficient equipment on January $1,2015$ Cash flows are uncertain but with probability $$ State $1(60\%)$ Economy is bad $($low firm performance of $$2,000$ each year$).$ State $2(40\%)$ Economy is good $($high firm performance of $$3,000$ each year$).$ Discount rate: $10\%$ Purchase price $=$ $$4,000\mathrm{.}00$ Equipment has no residual value. Required a$.$ Prepare a balance sheet for HL Ltd$.$ at the end of $2015$ and an income statement for the year ended December $31,2015$ under the bad state scenario. b$.$ Prepare a balance sheet for HL Ltd$.$ at the end of $2015$ and an income statement for the year ended December $31,2015$ under the good state scenario.