Data table Superior Exercise Equipment, Inc. Income Statement - X Year Ended December 31, 2024 Net Sales Revenue $ 714,000 Cost of Goods Sold 345,000 Gross Profit 369,000 Operating Expenses: Depreciation Expense $ 46,000 215,000 Other Operating Expenses 261,000 & Total Operating Expenses $ 108,000 Net Income No ca ons of Current Assets Cash December 31, 2024 and 2023 Accounts Receivable Assets 13 2024 2023 $ 19,000 $ 14,000 56,000 51,000 88,000 89,000 Merchandise Inventory Long-term Assets: Plant Assets 263,300 218,400 Accumulated Depreciation-Plant Assets (37,300) (33,400) 98,000 74,000 Investments 487,000 $ 413,000 Total Assets Liabilities isitions of Current Liabilities: Accounts Payable Salaries Payable Long-term Liabilities: Liabilities $ 80,000 $ 78,000 2,000 6,000 62,000 65,000 Notes Payable Total Liabilities 144,000 149,000 Stockholders' Equity Common Stock, no par 47,000 33,000 296,000 231,000 Retained Earnings 343,000 264,000 Total Stockholders' Equity $ 487,000 $ 413,000 Total Liabilities and Stockholders' Equity ed Gel Requirements 1. Compute the amount of Superior Exercise's acquisition of plant assets. Assume the acquisition was for cash. Superior Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $42,100. No cash was received upon disposal. 2. Compute new borrowing or payment of long-term notes payable, with Superior Exercise having only one long-term notes payable transaction during the year. 3. Compute the issuance of common stock with Superior Exercise having only one common stock transaction during the year. 4. Compute the payment of cash dividends. -X