As soon as possible please!

Exercise 189 The following information is available for Mergenthaler Corporation for the year ended December 31, 2017 Collection of principal on long-term loan to a supplier $16,000 Acquisition of equipment for cash 10,000 Proceeds from the sale of long-term investment at book value 22,000 Issuance of common stock for cash 20,000 25,000 Depreciation expense Redemption of bonds payable at carrying (book) value 34,000 Payment of cash dividends 6,000 30,000 Net income Purchase of land by issuing bonds payable 40,000 In addition, the following information is available from the comparative balance sheet for Mergenthaler at the end of 2017 and 2016: 2017 2016 Cash $148,000 $91,000 25,000 15,000 Accounts receivable (net) Prepaid insurance 19,000 13,000 Total current assets $192,000 $119,000 Accounts payable $30,000 $19,000 Salaries and wages payable 6,000 7,000 $36,000 $26,000 Total current liabilities