Motorsports of Philadelphia, Inc., reported the following financial statements for 2018: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheets.) Read the requirement. a. 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. Calculate the following, enter all amounts in thousands. New borrowing or payment of long-term notes payable. Motorsports of Philadelphia had only one long-term note payable transaction during the year. b. Issuance of common stock or retirement of common stock. Motorsports of Philadelphia had only one common stock transaction during the year. Payment of cash dividends (same as dividends declared). The of long-term notes payable is $ thousand. 0 Reference Reference C. Print Done Motorsports of Philadelphia, Inc. Income Statement Motorsports of Philadelphia, Inc. Comparative Balance Sheets December 31, 2018 and 2017 Year Ended December 31, 2018 (In thousands) Assets 2018 2018 2017 (In thousands) 2017 Liabilities Current: $ 800 Current: $ 20 $ $ 47 $ 42 320 Service revenue Cost of goods sold Salary expense Depreciation expense Cash Accounts receivable 59 31 27 50 72 8 11 30 11 10 Accounts payable 49 Salary payable 82 Accrued liabilities 10 Long-term note payable 183 77 Stockholders' Equity Common stock 61 53 180 Inventory Prepaid expenses Plant assets, net Long-term investments Other expenses 230 Total expenses 580 58 $ 220 Net income 50 37 Retained earnings 253 241 I then clic Print Done $ 450 $ 411 Total $ 450 $ 411 Total