Kyler Media Corporation Income Statement Year Ended December 31, 2018 78,000 8,000 49,000 21,000 Sales Revenue Depreciation Expense Plant Assets Other Expenses Net Income Kyler Media Corporation Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets: 4,700 4,100 Cash 9,000 4100 Accounts Receivable Long-term Assets Plants Assets 100,350 87,350 (28,350)(20,350) $85,700 75,200 Accumulated Depreciation Plant Assets Total Assets Liabilities Current Liabilities $9,500 6,500 Accounts Payable Long-term Liabilities 10,00015,000 Notes Payable Total Liabilities 19,50021,500 Stockholders Equity Common Stock, no par Retained Earnings Total Stockholders Equity Total Liabilities and Stockholders' Equity 26,000 22,000 40,20031,700 66,20053,700 85,700 S 75,200 Kyler Media Corporation had the following income statement and balance sheet for 2018: E Click the icon to view the income statement.) EEB (Click the icon to view the balance sheet) Read the requirements. Requirement 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. The acquisition of equipment is Requirement 2. Compute the payment of a long-term note payable. During the year, the business issued a $5,300 note payable. The payment of a long-term note payable is S