Question list

Question $1$

Question $2$

Question $3$

Ryle Exercise Equipment, Inc. reported the following financial statements for $2024$:

$($Click the icon to view the income statement.$)($Click the icon to view the comparative balance sheet.$)$

Read the requirements.

Requirement $1.$ Compute the amount of Ryle Exercise's acquisition of plant assets. Ryle Exercise disposed of plant assets at book value. The co: disposal.

The acquisitions of plant assets amounts to $$

Requirement $2.$ Compute new borrowing or payment of long$-$term notes payable, with Ryle Exercise having only one long$-$term notes payable tra

Net borrowing or Amount of net payment? $q,$ borrowing$/$payment Borrowing

Requirements

Compute the amount of Ryle Exercise's acquisition of plant assets. Assume the acquisition was for cash. Ryle Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $$44,600.$ No cash was received upon disposal.

Compute new borrowing or payment of long$-$term notes payable, with Ryle Exercise having only one long$-$term notes payable transaction during the year

Compute the issuance of common stock with Ryle Exercise having only one common stock transaction during the year.

Compute the payment of cash dividends.

Data table

Data table

$\backslash$table$[[\backslash$table$[[$Ryle Exercise Equipment, Inc.$],[$Comparative Balance Sheet$],[$December $31,2024$ and $2023]]],[,,2024,2023],[$Assets$],[$Current Assets:$],[$Cash$,$$$,18,000$$$,15,000],[$Accounts Receivable,,$55,000,50,000],[$Merchandise Inventory,,$81,000,95,000],[$Long$-$term Assets:$],[$Plant Assets,,$266,200,226,800],[$Accumulated Depreciation$-$Plant Assets,,$(43,200),(37,800)$