chp3 S16 -7 please show your work

S16-7 (similar to) Quesion Help Rouse Media Corporation had the following income statement and balance sheet for 2018 (Click the icon to view the income statenent.) EB (Click the ioon to view the balance sheet.) Read the requirements. Requirement 1. Compute the acquisition of plant assets for Rouse Media Corporation during 2018. The business sold no plant assets during the year. Assume the company paid cash for the acquisition of plant assets The acquisition of equipment is $ Data Table Rouse Melia Corporation Income Statement Year Ended December 31, 2018 82,000 Sales Revenue 11.100 Depreciation Expense-Plant Assets 52,000 Other Expenses 18.900 Net Income Print Done Enter any number in the edit fields and then click Check Answer Check Answer Clear All part remaining - X i Requirements 1. Compute the acquisition of plant assets for Rouse Media Corporation during 2018. The business sold no plant assets during the year. Assume the company paid cash for the acquisition of plant assets. 2. Compute the payment of a long-term note payable. During the year, the business issued a $4,900 note payable. Print Done Data Table Rouse Media Corporation Comparative Balance Sheet December 31, 2013 and 2017 2018 2017 Assets Current Assets: Cash 4,800 $ 4,400 Accounts Receivable 8.100 5,600 Long-term Assets: 100.350 88,250 Plants Assets (27,350) (16,250) Accumulated Deprecistion-Plant Assets 85,700 S 82,000 Total Assets Liabilities Current Liabilities 6,500 S 4.000 Accounts Payable Long-term Liabilities: 7,000 13,000 Notes Payable 13.500 17.000 Total Liabilities Print Done