Jetson Exercise Equipment, Inc. reported the following financial statements for 2018: E: (Click the icon to view the income statement.) E. (Click the icon to view the comparative balance sheet.) Read the requirements. Requirement 1. Compute the amount of Jetson Exercise's acquisition of plant assets. Jetson Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $44,600. No cash was received upon disposal. The acquisitions of plant assets amounts to Data Table Requirements Jetson Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 711,000 340,000 Cost of Goods Sold 1. Compute the amount of Jetson Exercise's acquisition of plant assets. Assume the acquisition was for cash. Jetson Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $44,600. No cash was received upon disposal. 2. Compute new borrowing or payment of long-term notes payable, with Jetson Exercise having only one long-term notes payable transaction during the year. 3. Compute the issuance of common stock with Jetson Exercise having only one common stock transaction during the year. 4. Compute the payment of cash dividends. 371,000 Gross Profit Operating Expenses: Depreciation Expense $ 47,000 180,000 Other Operating Expenses 227,000 Print Done Total Operating Expenses $ 144,000 Net Income Print Done Enter any number in the edit fields and then click Check Answer. 2018 2017 Assets 18,000 $ 17,000 Current Assets: Cash Accounts Receivable Merchandise Inventory Long-term Assets: 54,000 45,000 87,000 87,000 Plant Assets 266,000 221,600 Accumulated DepreciationPlant Assets (39,000) 90,000 (36,600) 74,000 Investments $ 476,000 $ 408,000 Total Assets Liabilities Current Liabilities: 76,000 $ 70,000 Accounts Payable Salaries Payable 5,500 6,000 Long-term Liabilities: 59,000 71,000 Notes Payable Total Liabilities 140,500 147,000 Stockholders' Equity Common Stock, no par 47,000 288,500 32,000 229,000 Retained Earnings Total Stockholders' Equity 335,500 261,000 $ 476,000 $ 408,000 Total Liabilities and Stockholders' Equity