Print 4. Motors of Baltimore, 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.) Read the requirement a. Calculate the new borrowing or payment of long-term notes payable. Motors of Baltimore had only one long-term note payable transaction during the year. The (1) of long-term notes payable is $ Uthousand. b. Calculate the issuance of common stock or retirement of common stock. Motors of Baltimore had only one common stock transaction during the year. The (2) of common stock is $ thousand. c. Calculate the payment of cash dividends (same as dividends declared). The payment of dividends is $ thousand 2: Reference Motors of Baltimore, Inc. Income Statement Year Ended December 31, 2018 (In thousands) $ Service revenue Cost of goods sold Salary expense Depreciation expense 750 370 70 50 Other expenses 120 Total expenses 610 $ 140 Net income 3: Reference Motors of Baltimore, Inc. Comparative Balance Sheets December 31, 2018 and 2017 2018 2018 2017 (In thousands) Assets Current: Cash $ 20 S S 51 S 47 Accounts receivable 61 2017 Liabilities Current: 13 Accounts payable 47 Salary payable 84 Accrued liabilities 5 Long-term note payable 190 30 26 73 8 11 Inventory Prepaid expenses Plant assets, net 6 66 53 224 2: Rererence Print Motors of Baltimore, Inc. Income Statement Year Ended December 31, 2018 (In thousands) $ Service revenue Cost of goods sold Salary expense Depreciation expense 750 370 70 50 120 Other expenses Total expenses 610 $ 140 Net income 3: Reference 3 Motors of Baltimore, Inc. Comparative Balance Sheets December 31, 2018 and 2017 2018 2017 S S 51 S 47 (In thousands) Assets Current: Cash Accounts receivable Inventory Prepaid expenses Plant assets, net Long-term investments 30 26 2018 2017 Liabilities Current: 20 S 13 Accounts payable 61 47 Salary payable 73 84 Accrued liabilities 6 5 Long-term note payable 224 190 52 78 Stockholders' Equity Common stock 8 11 66 53 45 36 236 244 Retained earnings 417 Total S 436 S S 436 S 417 Total 4: Requirement Calculate the following; enter all amounts in thousands. New borrowing or payment of long-term notes payable. Motors of Baltimore had only one long-term note payable transaction during the year. b. Issuance of common stock or retirement of common stock. Motors of Baltimore had only one common stock transaction during the year. Payment of cash dividends (same as dividends declared). a. C. (1) O new borrowing O payment (2) O O issuance O retirement