Use the Thompson Turf Trimmers data in Short Exercise 11-8 to calculate the following; enter all amounts in thousands.

a. New borrowing or payment of long-term notes payable. Thompson Turf Trimmers had only one long-term note payable transaction during the year.

b. Issuance of common stock or retirement of common stock. Thompson Turf Trimmers had only one common stock transaction during the year.

c. Payment of cash dividends (same as dividends declared).

Short Exercise 11-8

Thompson Turf Trimmers, Inc., reported the following financial statements for 2018:

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A1 Thompson Turf Trimmers, Inc. İncome Statement Year Ended December 31, 2018 1 2 (In thousands) 3 Service revenue 4 Cost of goods sold 5 Salary expense 6 Depreciation expense 7 Other expenses 8 Total expenses 9 Net income 10 $ 790 400 30 10 200 640 $ 150 A1 Thompson Turf Trimmers, Inc. Comparative Balance Sheets December 31, 2018 and 2017 2 (In thousands) 3 Assets 4 Current: Cash Accounts receivable Inventory Prepaid expenses 9 Plant assets, net 10 Long-term investments 11 12 13 Total 2017 Liabilities Current: $ 20 2018 2018 2017 $ 24 53 75 12 223 61 Accounts payable 48 $ 56 29 16 67 $ 46 25 19 54 Salary payable 86 Accrued liabilities 11 Long-term note payable 182 80 Stockholders' Equity Common stock Retained earnings $ 427 Total 48 38 $ 448 232 $ 448 245 $ 427 14