This question has 4 requirements

Traynor 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 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 $48, 100. No cash was received upon disposal. The acquisitions of plant assets amounts to Data table Requirements Traynor Exercise Equipment, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue $ 712,000 343,000 1. Compute the amount of Traynor Exercise's acquisition of plant assets. Assume the acquisition was for cash. Traynor Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $48,100. No cash was received upon disposal. 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. 3. Compute the issuance of common stock with Traynor Exercise having only one common stock transaction during the year. 4. Compute the payment of cash dividends. 369,000 Cost of Goods Sold Gross Profit Operating Expenses: Depreciation Expense Other Operating Expenses Total Operating Expenses $ 53,000 200,000 253,000 Print Done S 116,000 Net Income Print Done Help me solve this Demodocs example Get more help Clear all Check answer Traynor 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 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 $48, 100. No cash was received upon disposal. The acquisitions of plant assets amounts to Data table Requirements Traynor Exercise Equipment, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue $ 712,000 343,000 1. Compute the amount of Traynor Exercise's acquisition of plant assets. Assume the acquisition was for cash. Traynor Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $48,100. No cash was received upon disposal. 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. 3. Compute the issuance of common stock with Traynor Exercise having only one common stock transaction during the year. 4. Compute the payment of cash dividends. 369,000 Cost of Goods Sold Gross Profit Operating Expenses: Depreciation Expense Other Operating Expenses Total Operating Expenses $ 53,000 200,000 253,000 Print Done S 116,000 Net Income Print Done Help me solve this Demodocs example Get more help Clear all Check