Assets PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 Current assets: Cash Accounts receivable Inventory Investments Long-term assets: Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable $ 170,200 $ 115,000 68,000 90,000 87,000 75,000 3,500 1,500 430,000 430,000 740,000 620,000 (378,000) (218,000) $1,123,700 $1,110,500 $ 94,000 $ 80,000 5,500 7,500 11,500 4,500 100,000 200,000 650,000 650,000 266,700 164,500 Total liabilities and stockholders' equity $1,123,700 $1,110,500 Stockholders' equity: Common stock Retained earnings