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please help with requirements 1-4 Requirements 1. Compute the amount of Ryle Exercise's acquisition of plant assets. Assume the acquisition was for cash. Ryle Exercise

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Requirements 1. Compute the amount of Ryle Exercise's acquisition of plant assets. Assume the acquisition was for cash. Ryle Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $46,800. No cash was received upon disposal. 2. Compute new borrowing or payment of long-term notes payable, with Ryle Exercise having only one long-term notes payable transaction during the year. 3. Compute the issuance of common stock with Ryle Exercise having only one common stock transaction during the year. 4. Compute the payment of cash dividends. Print Done i Data Table Ryle Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 709,000 349,000 Cost of Goods Sold 360,000 Gross Profit Operating Expenses: Depreciation Expense $ 47,000 185,000 Other Operating Expenses Total Operating Expenses 232,000 $ 128.000 Net Income Print Done 0 Data Table Ryle Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets: Cash Accounts Receivable Merchandise Inventory 21,000 $ 56,000 81,000 17,000 45,000 89,000 Long-term Assets: Plant Assets Accumulated Depreciation-Plant Assets 263,000 (38,000) 92.000 224,800 (37.800) 80.000 Investments $ 475,000 $ 418,000 Total Assets Liabilities Current Liabilities: Accounts Payable Salaries Payable $ 76,000 $ 5,500 70,000 7,500 Long-term Liabilities: 62,000 68,000 Notes Payable Total Liabilities 143,500 145,500 Stockholders' Equity Common Stock, no par Retained Earnings 42,000 289,500 331,500 475,000 $ 31,000 241,500 272,500 418,000 Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ Print Done

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