I am requesting for your help. This course is in related to Managerial Accounting.

Compute the amount of Sutton Exercises acquisition of plant assets. Sutton Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset were $40,500. No cash was received upon disposal.

The acquisitions of plant assets amounts to $________.

Thank you,

Michelle

print-out. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Current Assets: S 21,000 s 15,000 Cash Accounts Recelvable 55,000 51,000 81,000 95,000 Merchandise Inventory Long-term Assets: 272,900 223,400 Plant Assets (47,900) (36,400) Accumulated Depreciation Plant Assets 79,000 93,000 Investments S 476,000427,000 Total Assets Liabilities Current Liabilities: 72,000 S 75,000 Accounts Payable 4,000 4,500 Salaries Payable Long-term Liabilities: 58,000 72,000 Notes Payable 137,000148,500 Total Liabilities Stockholders' Equity 36,000 Common Stock, no par 47,000 242,500 291,000 Retained Earnings 278,500 338,000 Total Stockholders' Equity $475,000 S427,000 Total Liabilities and Stockholders Equity Sutton Exercise Equipment, Inc. print-out Income Stalement Year Ended December 31, 2018 Net Sales Revenue $711,000 341,000 Cost of Goods Sold Gross Profit 370,000 Operating Expenses Depreciation Expense 52,000 205,000 Other Operating Expenses 257,000 Total Operating Expenses S 113,000 Net Income