lewurk. Homework CH14 Score: 0 of 5 pts of complete HW Score: 10M10 of 100 pts EC-23 (similar to) Ryle Emotine reported the following financial statements for 2018 mick the view the income mente con to view the comi) Read the Requirements. Compute the mount of Boyle Everdee's acquistion of plants. Record of the book ve. The contended foreciate at the door.700. We wen depos The tons of plants amounts to i Requirements 1. Compute the amount of Ryle Exercise's acquisition of plant assets. Assume the acquisition was for cash. Ryle Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $45,700. No cash was received upon disposal. 2. Compute new borrowing or payment of long-term notes payable, with Ryle Exercise having only one long-term notes payable transaction during the year. 3. Compute the issuance of common stock with Ryle Exercise having only one common stock transaction during the year. 4. Compute the payment of cash dividends. Print Done Data Table ated dep Ryle Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 715,000 344,000 Cost of Goods Sold Gross Profit 371,000 Operating Expenses: Depreciation Expense 52,000 215,000 Other Operating Expenses Total Operating Expenses 267,000 $ Net Income 104,000 Print Done Olivia 3 of 8 (2 complete) Data Table Ryle Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 was $45 2017 5 15,000 Assets Current Assets: Cash Accounts Receivable Merchandise Inventory Long-term Assets Plant Assets Accumulated Depreciation--Plant Assets 20,000 $ 52,000 88.000 45.000 91.000 268,400 (41.400) 94,000 214,100 (35,100) 74,000 404,000 Investments 481,000 $ Total Assots Liabilities Current Linbilities: Print Done C Clear All Search or type URL A yes lo euphoria career class ev01 misspap A econ Oli 3 of 8 (2 complete) ata Table Ases ENT Accumulated Depreciation--Plant Assets Investments (41,400) 94,000 481,000 $ (35.100) 74,000 wa 404,000 Total Assets Liabilities $ 77,000 $ 6,000 74,000 8,000 Current Liabilities: Accounts Payable Salaries Payable Long-term Liabilities: Notes Payable Total Liabilities 57,000 65,000 140,000 147,000 Stockholders' Equity Common Stock, no par 46.000 295,000 32,000 225.000 Retained Earnings Total Stockholders' Equity 341,000 257.000 $ 481,000 $ 404,000 Total Liabilities and Stockholders' Equity Print Done Clear All