Press Exercise Equipment, Inc. reported the following financial statements for 2018: (Click the icon to view...

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Press Exercise Equipment, Inc. reported the following financial statements for 2018: (Click the icon to view the income statement.) Read the requirements. i Requirements (Click the icon to view the comparative balance sheet.) kercise disposed of plant - posal. 1. Compute the amount of Press Exercise's acquisition of plant assets. Assume the acquisition was for cash. Press 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 Press Exercise having only one long-term notes payable transaction during the year. 3. Compute the issuance of common stock with Press Exercise having only one common stock transaction during the year. 4. Compute the payment of cash dividends. Print Done Enter any number in the edit fields and then click Check Answer. Press Exercise Equipment, Inc. reported the following financial statements for 2018: (Click the icon to view the income statement.) Read the requirements. i Requirements (Click the icon to view the comparative balance sheet.) kercise disposed of plant - posal. 1. Compute the amount of Press Exercise's acquisition of plant assets. Assume the acquisition was for cash. Press 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 Press Exercise having only one long-term notes payable transaction during the year. 3. Compute the issuance of common stock with Press Exercise having only one common stock transaction during the year. 4. Compute the payment of cash dividends. Print Done Enter any number in the edit fields and then click Check Answer.