Men Excelentine dhe blowing transistor 2014 At one time The can to the commerce Requirement Computertainer Masterson Exercise to the con el deported 4 con un disposal the mos Dus The Regu Data Merancie Content 2018 1. Compare Anecoon war einem De nord comes www.00 Nachwa woda 2. Contamos Men hangen ang eye 2. Computer the town neturn the year Come the purch 717.000 540.000 37000 20.000 $ 2.000 800 17,000 000 87000 Done Year Ended December 2018 Nel Custoode sol Gross Pratt Operating Depreciation Experte 100 Other Opening Focal Open Neli Our Cash Account Merchandisery Long Part A Accumulation Plants 221.00 20.000 141.000 001 3.000 1 500 1901 To set Done Les 14.000 Arcude Pytle San Pelle 78.0001 1,500 400 7000 0.000 Note Pytle Totale 13500 Erry Pumber in the sand then Check www Stockholders parte ruang Corona 40.000 03. 0.000 232.000 Mutiarting Masterson Exercise Equipment, Inc. reported the following financial statements for 2018: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Read the requirements Requirement 1. Compute the amount of Masterson Exercise's acquisition of plant assets. Masterson Exercise disposed of plant assets a The acquisitions of plant assets amounts to $ 89,000 Requirement 2. Compute new borrowing or payment of long-term notes payable, with Masterson Exercise having only one long-term no Net borrowing or payment? borrowing/payment Amount of net * Requirements - 1. Compute the amount of Masterson Exercise's acquisition of plant assets. Assume the acquisition was for cash. Masterson 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 Masterson Exercise having only one long-term notes payable transaction during the year 3. Compute the issuance of common stock with Masterson Exercise having only one common stock transaction during the year. 4. Compute the payment of cash dividends. Print Done Chanen enm any liet ar antar any number in the input fields and then click Check Answer. posed of plant assets at book value. The cost and accumulated depreciation of the dis only one long-term notes payable transaction during the year. i Data Table Masterson Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 717,000 340,000 Cost of Goods Sold Gross Profit 377.000 Operating Expenses: Depreciation Expense 48,000 180,000 Other Operating Expenses 228,000 Total Operating Expenses 149,000 Net Income Print Done Data Table ed Masterson Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 $44,600 2017 ya Assets Current Assets: 20,000 $ 52.000 17,000 45,000 87,000 89,000 Cash Accounts Recelvable Merchandise Inventory Long-term Assets Plant Assets Accumulated Depreciation-Plant Assets Investments 265,500 (38,500) 93,000 481,000 $ 221,100 (35.100) 81,000 416,000 Total Assets Llabilities 75,000 $ 74.000 1,500 4,000 Current Liabilities: Accounts Payable Salaries Payable Long-term Liabilities: Notes Payable Total Liabilities 57,000 70,000 133.500 148.000 Stockholders' Equity Common Stock, no par 44,000 303,500 36,000 232,000 Retained Earnings Print Done Clear All