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Motorvehicles of Boston, Inc., reported the following financial statements for 2018: (Click the icon to view the income statement.) 5 (Click the icon to view

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Motorvehicles of Boston, Inc., reported the following financial statements for 2018: (Click the icon to view the income statement.) 5 (Click the icon to view the comparative balance sheets.) Read the requirement. a. Calculate the new borrowing or payment of long-term notes payable. Motorvehicles of Boston had only one long-term note payable transaction during the year. The of long-term notes payable is $ thousand b. Calculate the issuance of common stock or retirement of common stock. Motorvehicles of Boston had only one common stock transaction during the year. The of common stock is $ thousand c. Calculate the payment of cash dividends (same as dividends declared). The payment of dividends is $ thousand i Reference financial statements for 2018: i Reference Motorvehicles of Boston, Inc. Comparative Balance Sheets December 31, 2018 and 2017 r bte Motorvehicles of Boston, Inc. S Income Statement (In thousands) he Year Ended December 31, 2018 st Assets 2018 2017 Liabilities 2018 2017 (In thousands) Current: Current: Service revenue $ 780 Cash $ 21 $ $ 53 $ 47 310 Accounts receivable 52 26 22 Cost of goods sold Salary expense Depreciation expense 18 Accounts payable 50 Salary payable 87 Accrued liabilities 9 Long-term note payable 40 Inventory 15 18 100 78 10 225 64 58 Other expenses Prepaid expenses Plant assets, net Long-term investments 190 183 640 54 74 Stockholders' Equity Total expenses 45 $ 31 Common stock 140 Net income 237 245 Retained earnings 421 Total $ 440 $ $ 440 $ 421 Total Print Done Print Done

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