The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2024 and 2023 2024 2023 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 $112,700 81,200 103,000 5,600 520,000 822,000 (436,000 $1,208,500 $107,000 6,900 9,600 115,000 740,000230,000 $1,208,500 $131,800 96,000 87,200 2,800 520,000 710,000 (284,000) \begin{tabular}{rr} \hline \hline$1,208,500 & $1,263,800 \\ $107,000 & $92,200 \\ 6,900 & 13,800 \\ 9,600 & 5,800 \\ & \\ 115,000 & 230,000 \\ & \\ 740,000 & 740,000 \\ 230,000 & 182,000 \\ \hline$1,208,500 & $1,263,800 \\ \hline \hline \end{tabular} Additional Information for 2024: 1. Net income is $77,000. 2. The company purchases $112,000 in equipment. No equipment was sold. 3. Depreciation expense is $152,000. 4. The company repays $115,000 in notes payable. 5. The company declares and pays a cash dividend of $29,000. Prev 6 of 8 6 of 8 Next