Stenback

Media Corporation had the following income statement and balance sheet for

2018:

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(Click the icon to view the balance sheet.)Read the requirements

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.

Requirement 1. Compute the acquisition of plant assets for

Stenback

Media Corporation during

2018.

The business sold no plant assets during the year. Assume the company paid cash for the acquisition of plant assets.

The acquisition of equipment is

Data table Stenback Media Corporation Income Statement Year Ended December 31, 2018 Sales Revenue 81,000 Depreciation ExpensePlant Assets 18,000 48,500 Other Expenses $ 14,500 Net Income Data table Stenback Media Corporation Income Statement Year Ended December 31, 2018 Sales Revenue 81,000 Depreciation ExpensePlant Assets 18,000 48,500 Other Expenses $ 14,500 Net Income