Stenback Media Corporation had the following income statement and balance sheet for 2016:

Requirements
1. Compute the acquisition of plant assets for Stenback Media Corporation during 2016. The business sold no plant assets during the year. Assume the company paid cash for the acquisition of plant assets.
2. Compute the payment of a long-term note payable. During the year, the business issued a $4,600 note payable.

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STENBACK MEDIA CORPORATION Income Statement Year Ended December 31, 2016 Sales Revenue Depreciation Expense Plant Assets Other Expenses Net Income $ 77,000 26,900 48,500 S 1,600 STENBACK MEDIA CORPORATION Comparative Balance Sheet December 31, 2016 and 2015 2016 2015 Assets Current Assets: 4,900 4,100 9,100 Cash Accounts Receivable 8,100 Long-term Assets 108,250 33,250) 89,000 86,200 80,350 6,350) Plants Assets Total Assets Liabilities Current Liabilities: Accounts Payable S6,500 4,000 Long-term Liabilities: 11,000 15,000 Notes Payable 10,000 16,500 Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders Equity 24000 19,000 52,200 71,200 48,500 72,500 S 89,000 86,200