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 $ 141,050 77,200 93,000 3,600 $ 151,500 91,000 78,200 1,800 470,000 470,000 768,000 660,000 (424,000) (264,000 $1,128,850 $1,188,500 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 $ $ 97,000 6,750 7,600 83,200 13,500 4,800 112,500 225,000 690,000 215,000 $1,128,850 690,000 172,000 $1,188,500 Additional Information for 2021 1. Net Income is $67.000. 2. The company purchases $108,000 in equipment 3. Depreciation expense is $160,000 4. The company repays $112,500 in notes payable 5. The company declares and pays a cash dividend of $24,000. PLASMA SCREENS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities res Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period