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Requirement 1. Compute the amount of Traynor Exercise's acquisition of plant assets. Traynor 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. 85,000 The acquisitions of plant assets amounts to $ Requirement 2. Compute new borrowing or payment of long-term notes payable, with Traynor Exercise having only one long-term notes payable transaction during the year. ayment 5,000 of long-term notes payable is $ The Requirement 3. Compute the issuance of common stock with Traynor Exercise having only one common stock transaction during the year. 7,000 Issuance of common stock is $ Requirement 4. Compute the payment of cash dividends. 94,500 Payment of cash dividends is $ Data Table Traynor Exercise Equipment, Inc. reported the following financial statements for (Click the icon to view the income statement.) (Click the icon to view the Traynor Exercise Equipment, Inc. Data Table Comparative Balance Sheet ciation of th nt December 31, 2018 and 2017 2018 2017 Traynor Exercise Equipment, Inc. Assets Income Statement able Current Assets: Year Ended December 31, 2018 20,000 $ $ Cash 15,000 Net Sales Revenue 711,000 340,000 51,000 Accounts Receivable 47,000 Cost of Goods Sold se Merchandise Inventory 86,000 93,000 371,000 Gross Profit Long-term Assets: Operating Expenses: 264,900 Plant Assets 225,600 $ Depreciation Expense 46,000 Accumulated Depreciation-Plant Assets (36,600) (36,900) 180,000 Other Operating Expenses 91,000 81,000 226,000 Investments Total Operating Expenses $ 476,000 $ 425,000 $ 145,000 Total Assets Net Income Liabilities Current Liabilities: Done Print TiS questioS Complete. MOve yourcursor over or tap on theTed arows Done Print All narts showing

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