Page 543 E11-10 The 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 Accounts receivable Inventory Prepaid rent $108,900 82,000 105,000 6,000 $126,800 97,000 89,000 3,000 Long-term assets Land Equipment Accumulated depreciation 530,000 720,000 (438 000) (288 000) $1223900 S1277800 530,000 830,000 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Interest payable Income tax payable S 109,000 6,900 10,000 94,000 13,800 6,000