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