Motorvehicles of Boston, 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. 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 payment of long-term notes payable is $ thousand. Requirement Calculate the following; enter all amounts in thousands. a. New borrowing or payment of long-term notes payable. Motorvehicles of Boston had only one long-term note payable transaction during the year. b. Issuance of common stock or retirement of common stock. Motorvehicles of Boston had only one common stock transaction during the year. c. Payment of cash dividends (same as dividends declared). Print Done i Reference - X Motorvehicles of Boston, Inc. Income Statement Year Ended December 31, 2018 (In thousands) $ Service revenue 770 Cost of goods sold 380 40 Salary expense Depreciation expense 60 120 Other expenses 600 Total expenses $ 170 Net income Print Done Reference - Motorvehicles of Boston, Inc. Comparative Balance Sheets December 31, 2018 and 2017 (In thousands) Assets 2018 2017 Liabilities 2018 2017 Current: Current: Cash $ 26 $ 16 Accounts payable $ 50 $ 49 Accounts receivable 51 43 Salary payable 30 26 Inventory 72 87 Accrued liabilities 10 13 Prepaid expenses 5 4 Long-term note payable 68 52 Plant assets, net 220 185 Long-term investments 56 76 Stockholders' Equity Common stock 45 29 227 242 Retained earnings $ 430 $ 411 $ 430 $ 411 Total Total Print Done