True North Media Corporation had the following income statement and balance sheet for 2018: Click the icon to view the income statement. (Click the icon to view the balance sheet) Read the requirements Requirement 1. Compute the acquisition of plant assets for True North Media Corporation during 2018. The business sold no plant ses during the year. Assume the company paid cash for the acquisition of plantas The squisition of equipment is $ Requirement 2. Compute the payment of a long-term note payable. During the year, the business issued a $5,200 note payable The payment of a long-term note payable in s Enter any number in the edit fields and then continue to the next question MacBook Air # 30 989 DOF FS . NO 3 4 % 5 & 7 6 8 ing income statement and balance sheet for 2018 ment.) (Click the icon to view the balance sheet.) Data Table plant assets for True North Media Corporation during 2018. The business sol ong-term note payable. During the yow, the business issued a $5,200 note True North Media Corporation Comparative Balance Sheet December 31, 2018 and 2017 Assets 2018 2017 Current Assets: Cash $ 5,300 S 4,400 Accounts Receivable 10.100 8,100 Long-term Assets: Plants Assets 107,350 87,350 Accumulated Depreciation-Plant Assets (29,350) (23,350) $ Total Assets 93,400 $ 76,500 Data Table Liabilities True North Media Corporation Income Statement Year Ended December 31, 2018 Sales Revenue $ Depreciation Expense Plant Assets Other Expenses $ Net Income 81.000 6.000 51.000 Current Liabilities Accounts Payable Long-term Liabilities: $ 9,000 $ 4.000 24,000 Print Done Print Done MacBook Air Table Long-term Assets: Plants Assets 107,350 (29,350) 87,350 (23,350) Accumulated Depreciation Plant Assets $ Total Assets 93,400 $ 76,500 Liabilities Current Liabilities: $ 9,000 $ 4,000 11,000 15,000 20,000 19.000 Accounts Payable Long-term Liabilities: Notes Payable Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 25,000 48,400 20,000 37.500 73,400 57,500 $ 93,400 $ 76,500 Print Done