Reference Motors of Baltimore, Inc. Comparative Balance Sheets December 31, 2018 and 2017 (In thousands) Assets 2018 2017 Liabilities 2018 2017 $ 20 $ $ 50 $ 47 61 31 Current: 13 Accounts payable 46 Salary payable 83 Accrued liabilities 3 Long-term note payable Current Cash Accounts receivable Inventory Prepaid expenses Plant assets, net Long-term investments 27 72 11 14 4 61 56 224 187 52 43 32 79 Stockholders' Equity Common stock Retained earnings 411 Total 237 235 $ 433 $ $ 433 $ 411 Total Print Done - X Reference Motors of Baltimore, Inc. Income Statement Year Ended December 31, 2018 (In thousands) $ Service revenue Cost of goods sold Salary expense Depreciation expense 800 380 60 90 190 Other expenses Total expenses 720 $ 80 Net income Print Done 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 of long-term notes payable is $ thousand b. Cal imon stock or retirement of common stock. Motors of Baltimore had only one common stock transaction during the year. The tock is $ thousand. new borrowing c. Cal dividends (same as dividends declared). payment The p thousand. 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 of long-term notes payable is $ thousand 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 of common stock is $ thousand. c. Cal f cash dividends (same as dividends declared). The p is $ thousand. issuance retirement