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. 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 113,500 $125,600 78,800 93,000 97,000 81,800 4,400 2,200 490,000 490,000 798,000 680,000 (430,000) (272,000) $1,151,700 $1,200,600 $ 101,000 $ 86,800 6,300 8,400 12,600 5,200 105,000 210,000 Common stock 710,000 710,000 Retained earnings 221,000 176,000 Total liabilities and stockholders' equity $1,151,700 $1,200,600 Stockholders' equity: