The balance sheets for Plasma Screens Corporation, along with additional information, are provided below. PLASMA SCREENS CORPORATION Balance Sheets Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation, Total assets Liabilities and Stockholders' Equity December 31, 2024 and 2023 2024 2023 $146,750 76,000 90,000 $159,000 89,500 75,500 3,000 455,000 1,500 455,000 750,000 (415,000) $1,105,750 645,000 (258,000) $1,167,500 Current liabilities: Accounts payable: Interest payable $94,000 6,750 $80,500 13,500 Income tax payable Long-term liabilities: Notes payable 7,000 4,500 112,500 225,000 Stockholders' equity: Common stock 675,000 675,000 Retained earnings 210,500 169,000 Total liabilities and stockholders' equity $1,105,750 $1,167,500