Saved The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2024 and 2023 2024 2023 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity Additional Information for 2024: 1. Net income is $62,000. $155,850 $174,600 75,200 88,000 2,600 88,500 73,700 1,300 445,000 445,000 738,000 635,000 (409,000) (254,000) $1,164,100 $1,095,650 $92,000 7,050 6,600 $78,700 14,100 4,300 117,500 235,000 665,000 665,000 207,500 167,000 $1,095,650 $1,164,100 2. The company purchases $103,000 in equipment. No equipment was sold. 3. Depreciation expense is $155,000. 4. The company repays $117,500 in notes payable. 5. The company declares and pays a cash dividend of $21,500. Denislend