3 value 10.00 points The balance sheet for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 2017 Assets Current assets Cash Accounts receivable Inventory Prepaid rent $ 146,750$ 159,000 89,500 75,500 1,500 76,000 90,000 3,000 Long-term assets Land Equipment Accumulated depreciation 455,000 645,000 (415,000) (258,000) 455,000 750,000 Total assets $1,105,750 $ 1,167,500 Liabilities and Stockholders' Equity: Current liabilities Accounts payable Interest payable $ 94,000 $ 80,500 13,500 4,500 6,750 7,000 112,500 675,000 Income tax payable Long-term liabilities Notes payable 225,000 Stockholders' equity Common stock Retained earnings 675,000 169,000 210,500 Total liabilities and stockholders' equity $1,105,750 $ 1,167,500 Additional Information for 2018: 1. Net income is $64,000 2. The company purchases $105,000 in equipment. 3. Depreciation expense is $157,000. 4. The company repays $112,500 in notes payable. 5 .The company declares and pays a cash dividend of $22,500. PLASMA SCREENS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2018 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities 0 Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities 0 Cash at the beginning of the period Cash at the end of the period