Motorvehicles of Houston, 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 Houston had only one long-term note payable transaction during the year. The new borrowing of long-term notes payable is $ 12 thousand b. Calculate the issuance of common stock or retirement of common stock. Motorvehicles of Houston had only one common stock transaction during the year. The issuance of common stock is $ 7 thousand c. Calculate the payment of cash dividends (same as dividends declared). The payment of dividends is $ thousand ce to cles of Houston, Inc., reported the following financial statements for 2018: the icon to view the i Reference requirement hce sheets.) - ate the new borrowing Eransaction during the ad only one long-t Motorvehicles of Houston, Inc. ew borrowing of long- Income Statement Year Ended December 31, 2018 late the issuance of co ansaction during the ye pn had only one con (In thousands) 750 ssuance of common ulate the payment of ca Service revenue Cost of goods sold Salary expense Depreciation expense 390 20 ayment of dividends is $ 100 110 Other expenses Total expenses 620 130 Net income Print Done any number in the edit fields and then click Check Answer i Reference - X Motorvehicles of Houston, Inc. Comparative Balance Sheets December 31, 2018 and 2017 (In thousands) 2018 2017 Liabilities 2018 2017 Assets Current Cash 21 $ $ 53 $ 47 54 26 22 Current: 18 Accounts payable 44 Salary payable 87 Accrued liabilities 10 Long-term note payable 180 79 13 Accounts receivable Inventory Prepaid expenses Plant assets, net Long-term investments 16 11 69 57 225 51 74 Stockholders' Equity Common stock 44 37 236 234 Retained earnings 413 Total 441 $ Total 441 $ 413 En Print Dono All per