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Motorsports of Miami, Inc., reported the following financial statements for 2018: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheets.) Read the reguirement. a. Calculate the new borrowing or payment of long-term notes payable. Motorsports of Miami had only one long-term note payable transaction during the year. The new borrowing of long-term notes payable is $ 12 thousand. Reference b. Calculate the issuance of common stock or retirement of common stock. Motorsports of Miami had only one common stock transaction during the year. 12 thousand. issuance The of common stock is $ c. Calculate the payment of cash dividends (same as dividends declared). Motorsports of Miami, Inc. Reference Comparative Balance Sheets 163 thousand. The payment of dividends is S December 31, 2018 and 2017 (In thousands) Motorsports of Miami, Inc. Income Statement Assets 2018 2017 Liabilities 2018 2017 Year Ended December 31, 2018 Current: Current: (In thousands) Cash Accounts payable 27 $ 20 55 $ 49 Accounts receivable 750 57 42 Salary payable 33 29 Service revenue Accrued liabilities Inventory 74 88 9 12 Cost of goods sold 300 6 Long-term note payable Prepaid expenses 68 56 Salary expense 70 Plant assets, net 225 185 Depreciation expense 60 74 Stockholders' Equity Long-term investments 53 160 Other expenses Common stock 47 35 590 Total expenses 231 234 Retained earnings 160 Net income 443 $ 415 Total 443 $ 415 Total Print Done Print Done