Juda Media Corporation had the following income statement and balance sheet for 2018: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Read the requirements. Requirement 1. Compute the acquisition of plant assets for Juda Media Corporation during 2018. The business sold no plant assets during the year. Assume the company paid cash for the acquisition of plant assets. The acquisition of equipment is $ 11,000 Requirement 2. Compute the payment of a long-term note payable. During the year, the business issued a $5,400 note payable. The payment of a long-term note payable is $ Data Table Juda Media Corporation Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets: Cash $ 4,900 $ 3,500 Accounts Receivable 10,100 4,600 Long-term Assets: Plants Assets 100,350 (29,350) 89,350 (20,350) Accumulated DepreciationPlant Assets $ 86,000 $ Total Assets 77,100 Liabilities Current Liabilities: Print Done Data Table - X Accumulated DepreciationPlant Assets (29,350) (20,350) $ 86,000 $ 77,100 Total Assets Liabilities Current Liabilities: Accounts Payable $ 8,500 $ 5,500 Long-term Liabilities: Notes Payable 11,000 15,000 Total Liabilities 19,500 20,500 Stockholders' Equity Common Stock, no par 28,000 38,500 22,000 34,600 Retained Earnings Total Stockholders' Equity 66,500 56,600 $ 86,000 $ 77,100 Total Liabilities and Stockholders' Equity Print Done A Data Table - X Juda Media Corporation Income Statement Year Ended December 31, 2018 Sales Revenue $ 79,000 Depreciation ExpensePlant Assets 9,000 51,000 Other Expenses $ 19,000 Net Income Print Done x i Requirements 1. Compute the acquisition of plant assets for Juda Media Corporation during 2018. The business sold no plant assets during the year. Assume the company paid cash for the acquisition of plant assets. 2. Compute the payment of a long-term note payable. During the year, the business issued a $5,400 note payable. Print Done