Data table Data table Assets Current: 2021 2020 Liabilities 2021 2020 Current Cash S 30 S...

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Data table Data table Assets Current: 2021 2020 Liabilities 2021 2020 Current Cash S 30 S 15 Accounts payable $ 49 5 40 Motorsports of Miami, Inc. Income Statement Year Ended December 31, 2021 Accounts receivable 61 40 Salary payable 31 27 (In thousands) Inventory 71 83 Accrued liabilities 11 14 $ 730 Service revenue Prepaid expenses 3 Long-term note payable 61 53 Cost of goods sold 350 Plant assets, not 226 189 Salary expense NO Long-term investments 58 77 Stockholders' Equity Depreciation expense 40 Common stock 42 30 150 Other expenses 256 226 600 Retained earnings Total expense 450 S407 Total $ 450 $ 407 Net income Total Done x Print Done swer Motorsports of Miami, Inc., reported the following financial statements for 2021: (Click the icon to view the income statement) Read the requirement. (Click the icon to view the comparative balance sheets.) a. Calculate the new borrowing or payment of long-term notes payable. Motorsports of Miami had only one long-term note payable transaction during the year The of long-term notes payable, in thousands, is Requirement Calculate the following; enter at amounts in thousands a. New borrowing or payment of long-term notes payable Motorsports of Mami had only one long-term note payable transaction during the year b. Issuance of common stock or retirement of common stock C. Motorsports of Miami had only one common stock transaction during the year Payment of cash dividends (same as dividends declared) lear all Check ann Data table Data table Assets Current: 2021 2020 Liabilities 2021 2020 Current Cash S 30 S 15 Accounts payable $ 49 5 40 Motorsports of Miami, Inc. Income Statement Year Ended December 31, 2021 Accounts receivable 61 40 Salary payable 31 27 (In thousands) Inventory 71 83 Accrued liabilities 11 14 $ 730 Service revenue Prepaid expenses 3 Long-term note payable 61 53 Cost of goods sold 350 Plant assets, not 226 189 Salary expense NO Long-term investments 58 77 Stockholders' Equity Depreciation expense 40 Common stock 42 30 150 Other expenses 256 226 600 Retained earnings Total expense 450 S407 Total $ 450 $ 407 Net income Total Done x Print Done swer Motorsports of Miami, Inc., reported the following financial statements for 2021: (Click the icon to view the income statement) Read the requirement. (Click the icon to view the comparative balance sheets.) a. Calculate the new borrowing or payment of long-term notes payable. Motorsports of Miami had only one long-term note payable transaction during the year The of long-term notes payable, in thousands, is Requirement Calculate the following; enter at amounts in thousands a. New borrowing or payment of long-term notes payable Motorsports of Mami had only one long-term note payable transaction during the year b. Issuance of common stock or retirement of common stock C. Motorsports of Miami had only one common stock transaction during the year Payment of cash dividends (same as dividends declared) lear all Check ann