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The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: Additional Information for 2024: 1. Net income is ( $ 64,000
The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: Additional Information for 2024: 1. Net income is \\( \\$ 64,000 \\). 2. The company purchases \\( \\$ 105,000 \\) in equipment. No equipment was sold. 3. Depreciation expense is \\( \\$ 157,000 \\). 4. The company repays \\( \\$ 112,500 \\) in notes payable. 5. The company declares and pays a cash dividend of \\( \\$ 22,500 \\). The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: Additional Information for 2024: 1. Net income is \\( \\$ 64,000 \\). 2. The company purchases \\( \\$ 105,000 \\) in equipment. No equipment was sold. 3. Depreciation expense is \\( \\$ 157,000 \\). 4. The company repays \\( \\$ 112,500 \\) in notes payable. 5. The company declares and pays a cash dividend of \\( \\$ 22,500 \\)
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