The balance sheet 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 $ 115,000 $ 131,200 94,000 83,600 2,400 79,600 99,000 4,800 Long-term assets Land Equipment Accumulated depreciation 500,000 690,000 (432,000) (276,000) 500,000 806,000 lotal assets $1,172,400 $1,225,200 Liabilities and Stockholders' Equity: Current liabilities Accounts payable Interest payable Income tax payable $ 103,000$ 88,600 13,200 5,400 6,600 8,800 110,000 720,000 Long-term liabilities Notes payable 220,000 Stockholders' equity Common stock Retained earnings 720,000 178,000 224,000 Total liabilities and stockholders' equity $1,172,400 $1,225,200 dditional Information for 2018