Kyler Media Corporation had the following income statement and balance sheet for 2015:

KYLER MEDIA CORPORATION

Income Statement

Year Ended December 31, 2015

Sales Revenue ..................... $ 80,000

Depreciation Expense––Plant Assets ............5,600

Other Expenses ..................... 49,000

Net Income ............... $ 25,400

Requirements
1. Compute the acquisition of plant assets for Kyler Media Corporation during 2015. The business sold no plant assets during the year.
2. Compute the payment of a long-term note payable. During the year, the business issued a $ 5,300 notepayable.

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KYLER MEDIA CORPORATION Comparative Balance Sheet December 31, 2015 and 2014 2015 2014 Assets Current Assets: Cash Accounts Receivable $ 4,800 3,800 4,100 9,600 Long-term Assets: Plants Assets 83,750 (22,350 6,750) S 92,400 74,900 100,350 Accumulated DepreciationFlant Assets Total Assets Liabilities Current Liabilities: Accounts Payable $ 9,000 4,000 Long-term Liabilities: Notes Payable 9,000 15,000 Total Liabilities 18,000 19,000 Stockholders' Equity Common Stock Retained Earnings Total Stockhdlders Equity Total Liabilities and Stockholders Equity 17,000 38,900 55,900 S 92,400 74,900 22,000 52,400 74,400