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please show your work liabilities current liabilities Account Payable..$6,500 $4,000 long term liabilities Notes Payable $7,000...$13,000 -------------------------------------- Total liabilities .$13,000.....$17,000 Stockholders Equity Common Stock, no

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liabilities

current liabilities

Account Payable..$6,500 $4,000

long term liabilities

Notes Payable $7,000...$13,000

--------------------------------------

Total liabilities .$13,000.....$17,000

Stockholders Equity

Common Stock, no par .23,000 .17,000

Retained earnings .49,200......48,000

------------------------------------

Total stockholder equity.....72,200......65,000

------------------------------------

Total liability and stockholder's equity.....$85,700.....$82,000

S16-7 (similar to) Question Hepe Rouse Media Coporation had the following income statement and balance shbeet for 2018 m(Click the icon to view the income statement) (Cck the icon to view the balance sheet) Read the requiements Requement 1. Compute the acquisiion of plant assets for Rouse Meda Corporation during 2018 The buniness sold no plant assets during the year Aasume the company paid cash for the acquiiion of plant assets The acquisition of eqipment is Data Table X Requrements Rouse Media Corporation Income Statement 1. Compute the acquisiion of plant assets for Rouse Media Corporation during 2018. The buniness sold no plant assets during the year Assume the company paid cash for the acquisition of plant assets Compute the payment of a longtm note payable Duing the year, the business issued a $400 note payable Year Ended December 31, 2018 82.000 Sales Revenve 2. Depreciation Expense-Plant Assets 11.590 52000 Oher Expenses 1300 Pint Done Net Income pore Peint Enter any number in the edt teids and then click Check Answer part remaining Cear All Check Answer Data Table Rouse Media Corporation Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets: Cash 4,600 $ 4,400 Accounts Receivable 8,100 5,600 Long-term Assets: Plants Assets 100,350 88,250 (27,350) (16,250) Accumulated Depreciation-Plant Assets $ 85,700 $ 82,000 Total Assets Liabilities Current Liabilities: 6,500 $ 4,000 Accounts Payable Print Done X A

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