#4

The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: 1. Net income is $70,000, 2. The company purchases $119,000 in equipment. No equipment was sold. Additional information for 2024: 1. Net income is $70,000 2. The company purchases $119,000 in equipment. No equipment was sold. 3. Depreclotion expense is $159.000. 4. The company repays $102,500 in notes payable: 5. The company declares and pays a cash dividend of $25,500. Required: Prepare the statement of cash flows using the indirect method. (Amounts to be deducted, cash outflows, ond any decreose in cash should be indicoted with o minus sign.)