Motorvehicles 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.) Calculate the following investing cash flows; enter all amounts in thousands a. Acquisitions of plant assets (all were for cash). Motorvehicles of Philadelphia sold no plant assets during the year. b. Proceeds from the sale of investments, Motorvehicles of Philadelphia purchased no investments during the year. a. Compute the acquisitions of plant assets (all were for cash). Motorvehicles of Philadelphia sold no plant assets during the year. The acquisition of plant assets is $ thousand Motorvehicles of Philadelphia, Inc. Income Statement Year Ended December 31, 2018 (in thousands) $ 760 Service revenue Cost of goods sold 350 40 Salary expense Depreciation expense 70 Other expenses 110 Total expenses 570 $ 190 Net income Motorvehicles of Philadelphia, Inc. Comparative Balance Sheets December 31, 2018 and 2017 2018 2017 Liabilities 2018 2017 30 $ $ 50 $ 42 (In thousands) Assets Current Cash Accounts receivable Inventory Prepaid expenses Plant assets, net Long-term investments 60 26 22 71 10 13 Current: 12 Accounts payable 41 Salary payable 87 Accrued liabilities 2 Long-term note payable 180 76 Stockholders' Equity Common stock 3 60 60 229 56 31 42 261 230 Retained earnings 398 Total $ 449 $ $ 449 $ 398 Total