Requirement 2. Compute the payment of a long-term note payable. During the year, the business issued a $4,500 note payable. The payment of a long-term note payable is Help me solve this Demodocs example Get more help Clear all Check a - X Data table Int assets Root Media Corporation Income Statement Year Ended December 31, 2024 Yable. Sales Revenue $ 79,000 Depreciation Expense-Plant Assets 14,000 54,000 Other Expenses Net Income CA 11,000 Print Done Data table su Root Media Corporation Comparative Balance Sheet December 31, 2024 and 2023 Assets 2024 2023 Current Assets: Cash $ 5,100 $ 4,400 Accounts Receivable 9,100 8,300 Long-term Assets: Plants Assets 104,350 86,350 (27,350) (13,350) Accumulated Depreciation-Plant Assets Total Assets $ 91,200 $ 85,700 Liabilities Current Liabilities: O COO Print Done Data table Accumulated Depreciation-Plant Assets (27,350) (13,350) Total Assets $ 91,200 $ 85,700 Libilities Current Liabilities: $ Accounts Payable Long-term Liabilities: $ 8,500 $ 4,000 11,000 16,000 19,500 20,000 Notes Payable Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity 24,000 47,700 17,000 48,700 71,700 65,700 Total Liabilities and Stockholders' Equity $ 91,200 $ 85,700 Print Done OCS examUPT