Balance sheets 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 198,000 112,000 62,000 Accounts receivable 84,000 72,000 Inventory 87,000 Investments 3,200 1,200 Long-term assets: 400,000 400,000 Land 710,000 Equipment 590,000 (348,000) (188,000) Less: Accumulated depreciation Total assets 1,112,200 1,071,200 Liabilities and Stockholders' Equity Current liabilities Accounts payable 91,000 77,000 5,000 Interest payable 11,200 7,000 Income tax payable 4,200 Long-term liabilities 100,000 200,000 Notes payable Stockholders' equity: 620,000 620,000 Common stock 158,800 Retained earnings 289,200 Total liabilities and stockholders' equity 1,112,200 1,071,200