The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: $ $ Cash Accounts receivable . Tu Inventory De Prepaid rent Long-term assets: 112,700 81,200 103,000 5,600 131,800 96,000 87,200 2,800 Land 520,000 822,000 (436,000) $1,208,500 520,000 710,000 (284,000) $1,263,800 $ 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 107,000 6,900 9,600 92,200 13,800 5,800 115,000 230,000 740,000 230,000 $1,208,500 740,000 182,000 $1,263,800 Additional Information for 2021: 1. Net income is $77,000. 2. The company purchases $112,000 in equipment 3. Depreciation expense is $152,000. 4. The company repays $115,000 in notes payable. 5. The company declares and pays a cash dividend of $29,000. For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities $ 0 Cash Flows from Investing Activities Net cash flows from investing activities 0 Cash Flows from Financing Activities Net cash flows from financing activities 0 Cash at the beginning of the period