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. of common stock is $ thousand The hce sheets.) es of Houston, Inc., reported the following financial statements for 2018: he icon to view the Reference equirement X Jad only one long-term no e the new borrowing ansaction during the Motorvehicles of Houston, Inc. w borrowing of long- Income Statement Year Ended December 31, 2018 pn had only one common ate the issuance of co nsaction during the ye (In thousands) 750 of common 390 Service revenue Cost of goods sold Salary expense Depreciation expense 20 100 110 Other expenses 620 Total expenses $ 130 Net income Print Done se from any list or enter AAN Check Answer 1 Reference - Motorvehicles of Houston, Inc. Comparative Balance Sheets December 31, 2018 and 2017 (In thousands) Assets 2018 2017 Liabilities 2018 2017 b b! st Current: T Cash 21 $ 53 S 47 54 26 22 Current: 18 Accounts payable 44 Salary payablo 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 $ $ 441 $ 413 Total Ne CH Print Done