Superior Exercise Equipment, Inc. reported the following financial statements for 2018:

Requirements

1.) Computer the amount of Superior Exercise's acquisition of plant assets. Assume the acquisition was for cash. Superior Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $45,700. No cash was received upon disposal.

2.) Compute new borrowing or payment of long-term notes payable, with Superior Exercise having only one long-term notes payable transaction during the year.

3.) Computer the issuance of common stock with Superior Exercise having only one common stock transaction during the year.

4.) Compute the payment of cash dividends.

Superior Exercise Equipment, Inc. reported the following financial statements for 2018 EEB (Click the icon to view the income statement)EClick the icon to view the comparative balance sheet) Read the requirements. Requirement 1. Compute the amount of Superior Exercise's acquisition of plant assets. Superior Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $45,700. No cash was received upon disposal The acquisitions of plant assets amounts to $ Enter any number in the edit fields and then click Check Answer 3 Pemaining Clear All Check Answer Data Table Superior Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 $ 711,000 348,000 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses 63,000 $ 47,000 215,000 Depreciation Expense Other Operating Expenses Total Operating Expenses 262,000 $ 101,000 Net Income 2018 2017 Assets Current Assets Cash Accounts Receivable Merchandise Inventory $21,000 $ 15,000 50,000 95,000 53,000 85,000 Long-term Assets Plant Assets Accumulated Depreciation-Plant Assets Investments 259,500 217,200 (35,500) 97,000 (34,200) 81,000 $480,000 $ 424,000 Total Assets Liabilities Current Liabilities Accounts Payable $ 76,000$ 75,000 Salaries Payable 4,500 5,500 Long-term Liabilities 60,000 72,000 Notes Payable Total Liabilities 140,500 152,500 Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 33,000 238,500 271,500 $480,000 $ 424,000 43,000 296,500 339,500 1 Requirements 1. Compute the amount of Superior Exercise's acquisition of plant assets Assume the acquisition was for cash. Superior Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $45,700. No cash was received upon disposal. 2. Compute new borrowing or payment of long-term notes payable, with Superior 3. Compute the issuance of common stock with Superior Exercise having only 4. Compute the payment of cash dividends g only one long-term notes payable transaction during the year one common stock transaction during the year