Question Hala o X E14-23 (similar to) Rhe Way Exercise Eculment, Inc. reported the folowing francial statements for 2018: Click to lon to view the income statemen. (Click the icon to view the comparative balance sheet. Read the reguirements Requirement 1. Compute the amount of Rite Way Exercises acquis un of plant assets. Rate Way Exercise disposed of plant assels at book value. The cost and accumulalod deprecation of the cisposed asut was $48.000. No cash was received upon disposal The acquations of plant amounts to Data Table Data Tabla Ribe Way Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2018 and 2017 , 2018 Requirements 2017 oals EditTi Rite Way Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sale Ravenue $ 18.000 343 00 Cool al Goods Bald 348.000 af Gross Profit 358 358.000 Operating Expenses Depreciation Extpense $ 53,000 190,000 Other Operating Expenses Total Operating Expenses 243 000 3 125.000 Net Income 1. Compute the amount of Rhe Way Exercke's acquisition of plant assers. Assume te cuision was forces. Re War Exerc se cispuse ur pant assets at book value. The cast and co.muisted depreciation of the disposad set was $16.800. No cash ws received upon disposal 2. Compute now borrowing or payment of long term nolos payable with RIA Way FC Chaving only charger nol pable transaction during the voer. 3. Compute the issuance common stock with Rita Way Exorctas having only one corrmon stock transaction during the year 4. Compute the payment of cash diciends. Print Dana Assets Cum Cash S 21,000 $ 19.000 Accounts Receivable 51.000 Merchandise Inventory 44,000 91.000 Long An Plant Assets 264,000 220,000 Accumulated Depreciation-Plant Assets (39 800) (33 600) 91 000 77,000 Investments 472,000 $ 421,000 Total Asante Liabilities Current Liabines Accounts Payable s 77,000 $ 73,000 Salarios Payable 2.000 7.500 Lang-term Liabiti A0,000 Notes Payable 72.000 Total Liabilities 139,000 52.500 Stockholders' Equity Cammon Stock na par 42,000 35,000 291.000 Ratinad Earnings 233,300 333,000 Total Stockholders' Equity 269,300 $ 472,000 $ 421,000 Total Liabilities and Stockholders' Equity Print Dars) Enter any number in the edit fields and then click Check Answer ? 3 parts remaining Clear All Question Hala o X E14-23 (similar to) Rhe Way Exercise Eculment, Inc. reported the folowing francial statements for 2018: Click to lon to view the income statemen. (Click the icon to view the comparative balance sheet. Read the reguirements Requirement 1. Compute the amount of Rite Way Exercises acquis un of plant assets. Rate Way Exercise disposed of plant assels at book value. The cost and accumulalod deprecation of the cisposed asut was $48.000. No cash was received upon disposal The acquations of plant amounts to Data Table Data Tabla Ribe Way Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2018 and 2017 , 2018 Requirements 2017 oals EditTi Rite Way Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sale Ravenue $ 18.000 343 00 Cool al Goods Bald 348.000 af Gross Profit 358 358.000 Operating Expenses Depreciation Extpense $ 53,000 190,000 Other Operating Expenses Total Operating Expenses 243 000 3 125.000 Net Income 1. Compute the amount of Rhe Way Exercke's acquisition of plant assers. Assume te cuision was forces. Re War Exerc se cispuse ur pant assets at book value. The cast and co.muisted depreciation of the disposad set was $16.800. No cash ws received upon disposal 2. Compute now borrowing or payment of long term nolos payable with RIA Way FC Chaving only charger nol pable transaction during the voer. 3. Compute the issuance common stock with Rita Way Exorctas having only one corrmon stock transaction during the year 4. Compute the payment of cash diciends. Print Dana Assets Cum Cash S 21,000 $ 19.000 Accounts Receivable 51.000 Merchandise Inventory 44,000 91.000 Long An Plant Assets 264,000 220,000 Accumulated Depreciation-Plant Assets (39 800) (33 600) 91 000 77,000 Investments 472,000 $ 421,000 Total Asante Liabilities Current Liabines Accounts Payable s 77,000 $ 73,000 Salarios Payable 2.000 7.500 Lang-term Liabiti A0,000 Notes Payable 72.000 Total Liabilities 139,000 52.500 Stockholders' Equity Cammon Stock na par 42,000 35,000 291.000 Ratinad Earnings 233,300 333,000 Total Stockholders' Equity 269,300 $ 472,000 $ 421,000 Total Liabilities and Stockholders' Equity Print Dars) Enter any number in the edit fields and then click Check Answer ? 3 parts remaining Clear All