compute the acquisition of plant assets for McKnight Media Corporation during 2018. The business sold no plant assets during the year. Assume the company paid cash for the acquisition of any assets.

Take a Test Brandon Hood- Microsoft Edge mathxl.com/Student/PlayerTest.aspx?testld 187822295&xcenterwin-yes ACCT 2330 60 Online Test: Chapter 16 Test This Question: 10 pts 30f 8 (1 complete) Sandra's Bridal Shops earned net income of $21,000, which included depreciation of $16,000 Sandra's acquired a $124,000 building by borrowing $124,000 on a long-term note payable. Requirements 1. How much did Sandra's cash balance increase or decrease during the year? 2. Were there any non-cash transactions for the company? If so, show how they would be reported in the statement of cash flows Requirement 1. How much did Sandra's cash balance increase or decrease during the year? Complete the following table to calculate Sandra's cash balance, and indicate whether this balance represents an increase or a decrease in cash. (Enter a "0" for any item(s) that do not affect cash ) Net income Depreciation Expense Purchase of building with a long-term note in cash Requirement 2. Were there any non-cash transactions for the company? If so, show how they would be reported in the statement of cash flows. Were there any non-cash transactions for the company? Show how they would be reported in the statement of cash flows Choose from any list or enter any number in the input fields and then continue to the next question. E O lype here to search