Problem-25 points A comparative balance sheet for Halpern Corporation is presented below: HALPERN CORPORATION Comparative Balance Sheet Asscts Cash Accounts receivable (net) Prepaid insurance $ 36,000 70,000 25,000 18,000 70,000 s 31,000 60,000 17,000 Land 40,000 60,000 Equipment Accumulated depreciation Total Assets $195,000 Accounts payable Bonds payable Common stock 11,000 27,000 140,000 $6,000 19,000 115,000 Retained earnings Total liabilities and stockholders' equity Additional information: 1. Net loss for 2017 is $20,000. 2. Cash dividends of $14,000 were declared and paid in 2017. . Land was sold for cash at a loss of $4,000. This was the only land transaction during the year. Equipment with a cost of $15,000 and accumulated depreciation of $10,000 was sold for $5,000 c $22,000 of bonds were retired during the year at carrying (book) value. Equipment was acquired for common stock. The fair value of the stock at the time of the exch was $25,000. uctions are a statement of cash flows for the year ended 2017, using the indirect method