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Kyler Media Corporation had the following income statement and balance sheet for 2018 . (Click the icon to view the income statement.) (Click the icon
Kyler 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. The acquisition of equipment is Requirement 2. Compute the payment of a long-term note payable. During the year, the business issued a $4,500 note payable. The payment of a long-term note payable is Requirements 1. Compute the acquisition of plant assets for Kyler 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 $4,500 note payable. Data table Kyler Media Corporation Comparative Balance Sheet December 31, 2018 and 2017 Assets 20182017 Current Assets: Long-term Assets: Liabilities Current Liabilities: Accounts Payable $6,500$5,500 Long-term Liabilities: \begin{tabular}{lrr|} \multicolumn{1}{c}{ Notes Payable } & 12,000 & 15,000 \\ \hline Total Liabilities & 18,500 & 20,500 \\ \hline Stockholders' Equity & 25,000 & \\ \hline Common Stock, no par & 38,900 & 35,000 \\ Retained Earnings & 62 ann & 67+100 \\ \hline \end{tabular} Print Done Data table
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