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i ne balance sheet tor Piasma screens Corporation, aiong with aaaitional intormation, are provided below PLASMA SCREENS CORPORATIONN Balance Sheets December 31, 2018 and 2017 2018 17 Assets Current assets: s 155,850 s 174,600 Cash Accounts receivable Inventory Prepaid rent 88,000 88,500 2600 73,700 1,300 75,200 Long-term assets Land Equipment Accumulated depreciation 445,000 445,000 738,000 635,000 (409,000) (254,000) Total assets $ 1,095,650 $ 1,164,100 Liabilities and Stockholders Equity: Current liabilities: $ 92,000 78,700 14,100 4,300 Accounts payable 7,050 6,600 Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders equity: Common stock 117,500 235,000 665,000 665,000 207,500 167,000 Retained earnings Total liabilities and stockholders' equity 1,095,650 $ 1,164,100 Additional Information for 2018: 1. Net income is $62,000. 2. The company purchases $103,000 in equipment. 3. Depreciation expense is $155,000 4. The company repays $117,500 in notes payable. 5 .The company declares and pays a cash dividend of $21,500