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Please assist Traynor Exercise Equipment, Inc. reported the following financial statements for 2018: (Click the icon to view the income statement.) (Click the icon to

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Traynor Exercise Equipment, Inc. reported the following financial statements for 2018: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Read the requirements. Data table Requirement 1. Compute the amount of Traynor Exercise's acquisition of plant assets. Traynor Exercise disposed of plant asse $48, 100. No cash was received upon disposal. The acquisitions of plant assets amounts to Traynor Exercise Equipment, Inc. Comparative Balance Sheet X December 31, 2018 and 2017 Data table 2018 2017 Assets Traynor Exercise Equipment, Inc. Current Assets: Income Statement Cash 20,000 S 15,000 Year Ended December 31, 2018 Accounts Receivable 54,000 52,000 Net Sales Revenue 717,000 Merchandise Inventory 86,000 92,000 Cost of Goods Sold 347,000 Long-term Assets: Plant Assets 265,400 222,500 Gross Profit 370,000 Accumulated Depreciation-Plant Assets (37,400) (34,500) Operating Expenses: 95,000 72,000 Depreciation Expense 51,000 Investments 205,000 483,000 S 419,000 Other Operating Expenses Total Assets 256,000 Liabilities Total Operating Expenses

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