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The income statement and addtonal dola of suppoments Plin, inc: follows: Ifit (Cick the icon to vew the procone stavement) (i) (Click the soon to
The income statement and addtonal dola of suppoments Plin, inc: follows: Ifit (Cick the icon to vew the procone stavement) (i) (Click the soon to vitw the asdtond data) the stateriont leave the bor emgthy do not sesect a habel or entert a tero) Data table a. Acquisition of plant assets is $121,000. Of this amount, $102,000 is paid in cash and $19,000 by signing a note payable. b. Cash receipt from sale of land totals $24,000. There was no gain or loss c. Cash receipts from issuance of common stock total $27,000. d. Payment of note payable is $18,000. e. Payment of dividends is $7,000 f. From the balance sheet: Notes Payable (long-term) 19,00018,000 Common Stock, no par 35,0008,000 Retained Earnings 253,000214,970
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