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Motors of Baltimore, Inc., reported the following financial statements for 2021: Data table Motors of Baltimore, Inc. Income Statement Year Ended December 31, 2021 (In
Motors of Baltimore, Inc., reported the following financial statements for 2021:
Data table Motors of Baltimore, Inc. Income Statement Year Ended December 31, 2021 (In thousands) Service revenue Cost of goods sold Salary expense Depreciation expense Other expenses Total expenses Net income \begin{tabular}{rr} $ & 760 \\ \hline 320 \\ 80 \\ 55 \\ 120 \\ \hline 575 \\ \hline$185 \\ \hline \hline \end{tabular} Print Done Data table Calculate the new bortowing or payment of long-term notes payable. Motors of Baltimore had only one long-term note payable fransaction during the of long-term notes payable, in thousands, is b. Calcibate the issuance of common stock or retirement of common stock. Motorsports of Philadeiphia had only one common stock transaction diring the year. The of common stock, in thounands, is issuance retirement c. Calculate the payment of cash dividends (same as dividends declared). The payment of dividends, in thousands, is Step by Step Solution
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