$17-10 KS Media Corporation had the following income statement and balance sheet for 2020: KS MEDIA CORPORATION Income Statement For the Year Ended December 31, 2020 Service revenue Amortization expense Other expenses Net income Assets KS MEDIA CORPORATION Balance Sheet December 31, 2020 and 2019 2020 2019 Current assets Cash $ 7,500 $ 6000 Accounts receivable 15,000 9,000 142.500 105,000 Liabilities Current abilities Accounts payable Long-term notes payable Shareholders' equity Common shares THAM S Total ta $120,000 9,000 81,000 $30,000 2020 2019 $ 12,000 15,000 15,000 18,000 33000 30.000 5000 3,000 Compute the following for KS during 2020: a. Acquisition of equipment. KS sold no equipment during the year. b. Payment of a long-term note payable. During the year. KS issued a $7.500 note payable. 4 Computing investing and financing cash flows a. Acquisitions $16,500