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 76,000 89,500 75,500 1,500 90,000 3,000 Long-term assets: Land Equipment Accumulated depreciation 455,000 455,000 750,000645,000 (415,000) (258,000) Total assets $1,105,750 $1,167,500 Liabilities and Stockholders' Equity: Current liabilities: Accounts payable Interest payable Income tax payable $ 94,000 $ 80,500 13,500 4,500 6,750 Long-term liabilities: Notes payable 112,500 225,000 Stockholders' equity Common stock Retained earnings 675,000 675,000 210,500 169.000 Total liabilities and stockholders' equity $ 1,105,750 $1,167,500