Requirements

Compute the amount of Jetson Exercise's acquisition of plant assets. Assume

the acquisition was for cash. Jetson Exercise disposed of plant assets at book

value. The cost and accumulated depreciation of the disposed asset was

$$42,100.$ No cash was received upon disposal.

Compute new borrowing or payment of long$-$term notes payable, with Jetson

Exercise having only one long$-$term notes payable transaction during the year.

Compute the issuance of common stock with Jetson Exercise having only one

common stock transaction during the year.

Compute the payment of cash dividends.