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 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 Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity Additional Information for 2021: 1. Net income is $66,000. 2. The company purchases $107,000 in equipment. 3. Depreciation expense is $159,000. 4. The company repays $112,500 in notes payable. 5. The company declares and pays a cash dividend of $23,500. 2020 $ 142,950 $ 154,000 76,800 90,500 92,000 77,300 3,400 1,700 65,000 465,000 762,000 655,000 (421,000) (262,000) $1,121,150 $1,181,500 96,000 82,300 6,750 13,500 7,400 4,700 112,500 225,000 685,000 685,000 213,500 171,000 $1,121,150 $1,181,500