Trener Exercise Equipment, Inc. reported the following financial statements for 2018 me the conto the income ment) Cho w com e shot) Requirement 1. Compute the amount of Trapor Exercise's acquisition of p on poss r ayor Exercise disposed of plant book value the cost and som e depreciation of the disposed asset was $42.300 No cash was received The actions of plants amounts to Peguirements 1. Comote the amount of Traynor Exercises acquisition of plants . Assum the acquisition was for cash. Traynor Ecore disposed of plant a book value. The cost and accumulated preciation of po s t was 342.300. Noch was received upon disposal 2. Come new borrowing of payment of long-term tos payable with Trang Exercise having only one long-term ne payable transaction during the year 3. Come n ce of common Mock with Trayer Enerch having only one common stock transaction during the year 4. Com e payment of cash dividends Print Dore Erayberin t ed and then click Check Clear All Check Answer 1 1 i Data Table EX 0 Traynor Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ Cost of Goods Sold 716,000 347,000 369,000 Gross Profit Operating Expenses: Depreciation Expense TE Other Operating Expenses 48,000 205,000 Total Operating Expenses 253,000 $ 116,000 Net Income LE Print Done Traynor Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 DEN 2017 OS A Current Assets: Cash Accounts Receivable 00 18,000 $ 50,000 84,000 14,000 49,000 91,000 Merchandise Inventory Long-term Assets: Plant Assets Accumulated Depreciation-Plant Assets 263,200 (40,200) 93,000 213,500 (34,500) 75,000 Investments $ 468,000 $ 408,000 Total Assets