Cast Exercise Equipment, Inc. reported the following financial statements for 2018: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Read the requirements. Requirement 1. Compute the amount of Cast Exercise's acquisition of plant assets. Cast Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $44,600. No cash was received upon disposal. The acquisitions of plant assets amounts to Data Table Cast Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Depreciation Expense Other Operating Expenses Total Operating Expenses Net Income 50,000 180,000 $ $ X 709,000 348,000 361,000 230,000 131,000 Data Table Current Assets: Cash Accounts Receivable Merchandise Inventory Long-term Assets: Plant Assets Cast Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Total Assets Assets Accumulated Depreciation-Plant Assets Investments Liabilities 2018 22,000 $ 56,000 81,000 265,000 (42,000) 90,000 472,000 $ 2017 19,000 51,000 87,000 223,600 (36,600) 75,000 419,000 X