Motorsports of Philadelphia, Inc. Income Statement Year Ended December 31, 2018 (In thousands) Service revenue Cost of goods sold Salary expense Depreciation expense Other expenses Total expenses Net income \begin{tabular}{rr} $740 \\ \hline 320 \\ 80 \\ 90 \\ 150 \\ \hline640 \\ \hline$100 \\ \hline \hline \end{tabular} Motorsports of Philadelphia, Inc. Comparative Balance Sheets December 31, 2018 and 2017 (In thousands) a. Calculate the new borrowing or payment of long-term notes payable. Motorsports of Philadelphia had only one long-term note payable transaction during the year. The of long-term notes payable is $ thousand