3. 2017 A comparative balance sheet for Halpern Corporation is presented below: HALPERN CORPORATION Comparative Balance Sheet 2018 Assets Cash $ 36,000 Accounts receivable (net) 70,000 Prepaid insurance 25,000 Land 18,000 Equipment 70,000 Accumulated depreciation (20,000 Total Assets $199.000 $ 31,000 60,000 17,000 40,000 60,000 (13,000) $195,000 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 11,000 27,000 140,000 21,000 $199,000 $ 6,000 19,000 115,000 55,000 $195.000 Additional information: A. Net loss for 2018 is $20,000. B. Cash dividends of $14,000 were declared and paid in 2018. C. Land was sold for $18,000 cash, at a loss of $4,000. D. Equipment with a cost of $15,000 and accumulated depreciation of $10,000 was sold for $5,000 cash. E. $22,000 of bonds were retired during the year at carrying (book) value. Issued additional bonds for $30,000. F. Equipment was acquired for common stock. The fair value of the stock at the time of the exchange was $25,000. G. Depreciation expense was $17,000 Instructions Prepare a statement of cash flows for the year ended 2018, using the indirect method