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a. Calculate the new borrowing or payment of long-term noles payable. Molors of Baltimore had only one long-term nole payable transaction during the year. -
a. Calculate the new borrowing or payment of long-term noles payable. Molors of Baltimore had only one long-term nole payable transaction during the year. - X Data table The of long-term notes payable, in thousands, is b. . b. Calculate the issuance of common stock or retirement of common stock. Motors of Baltimore had only one common stock transaction during the year. The of common stock, in thousands, is c. Calculate the payment of cash dividends (same as dividends declared). The payment of dividends, in thousands, is , Motors of Baltimore, Inc. Income Statement Year Ended December 31, 2021 (In thousands) Service revenue $ Cost of goods sold Salary expense Depreciation expense 780 - X X 310 Data table 60 90 150 Other expenses 610 Motors of Baltimore, Inc. Comparative Balance Sheets December 31, 2021 and 2020 Total expenses $ 170 Net Income 2021 2020 Liabilities 2021 2020 Print Done $ 22 $ $ 50 $ 47 (In thousands) Assets Current Cash Accounts receivable Inventory Prepaid expenses Plant assets, net Long-term investments 61 27 23 Current: 15 Accounts payable 50 Salary payable 85 Accrued liabilities 7 Long-term note payable 181 73 11 14 8 8 66 53 227 56 79 Stockholders' Equity Common stock 35 41 252 245 Retained earnings 417 Total $ 447 $ $ $ 447 $ 417 Total Print Done
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