Question: Use the Hawkeye Gymnastics data in Exercise 16-22 to compute a. New borrowing or payment of long-term notes payable, with Hawkeye having only one long-term

Use the Hawkeye Gymnastics data in Exercise 16-22 to compute

a. New borrowing or payment of long-term notes payable, with Hawkeye having only one long-term note payable transaction during the year

b. Issuance of common stock, with Hawkeye having only one common stock transaction during the year

c. Payment of cash dividends

Exercise 16-22

Hawkeye Gymnastics Equipment, Inc., reported the following financial statements for 2006:

HAWKEYE GYMNASTICS EQUIPMENT, INC. Income Statement Year Ended December 31, 2006 Sales

revenue Cost of goods sold Depreciation expense Other expenses Total expenses Net

Compute the amount of Hawkeye's acquisition of plant assets. Hawkeye sold no plant assets.

HAWKEYE GYMNASTICS EQUIPMENT, INC. Income Statement Year Ended December 31, 2006 Sales revenue Cost of goods sold Depreciation expense Other expenses Total expenses Net income (In thousands) $710 $340 50 200 590 $120

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