Antelum Company owes $82,500 on a note payable that is currently due. The note is held by a local bank and is secured by a mortgage lien attached to three acres of land worth $49,200. The land originally cost Antelum $32,200 when acquired several years ago. The only other account balances for this company are Investments of $20,700 (but worth $25,700), Accounts Payable of $21,400, Common Stock of $40,800, and a deficit of $89,200. Antelum Is Insolvent and attempting to arrange a bankruptcy reorganization so the business can continue to operate and the employees can retain their jobs. The reorganization value of the company is $82,000. Record the adjustment entry to change asset values to fair value. Record the issuance of stock to bank in settlement of debt. 3 Record the settlement of accounts payable. Record the entry to reduce additional paid in capital balance to correct figure, to close out gain account, and to eliminate deficit