On February 1, 2022, ABC Corporation purchased a parcel of land... | Filo

CASE 2A comparative balance sheet for ABC Corporation is presented below:ABS CORPORATIONComparative Balance SheetAccounts receivable (net)Prepaid insuranceLandEquipmentAccumulated depreciationAccounts payableBonds payable LOANSCommon stockRetained earningsAdditional information:20232022Assets70,00060,00025,00017,00018,00040,00070,00060,000(20,000)(13,000)Liabilities and Stockholders' Equity11,000 6,00027,00019,000140,000115,00021,00055,0001. Net loss for 2023 is 20,000.3. Land was sold for cash

ABC Brand Identity '08