Chapter 11 Homework Saved 7 The balance sheets for Plasma Screens Corporation, along with additional Information are provided below 35 points PLASTU SCREENS CORPOHATION Balance Sheets December 31, 2021 and 2020 2021 2820 ebook $ 155,100 74,800 87, 2,4 $ 171,600 88.000 72,800 1,2 Hint 440,00 732.000 ( 400 $1,085, 100 440,00 630.000 (252,000) 51.1510 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-tere liabilities: Notes payable Stockholders' equity Con stock Retained earnings Total liabilities and stockholders' equity Print $ $ 91.000 5,90 6.400 77,500 13,500 4,200 References 115,00 660,00 206.000 $1.885200 230,000 660,000 166,000 $1.151.000 Additional Information for 2021 1. Net income is $61,000 2. The company purchases $102,000 in equipment 3. Depreciation expense is $154,000. 4. The company repays $115,000 in notes payable 5. The company declares and pays a cash dividend of $21.000. Required: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts:) PLASMA SCREENS CORPORATION Statement of Cash Flows For the Yar Elded Dec 21, 2021 7 Required: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash os negative amounts) 36 points PLASMA SCREENS CORPORATION Statement of Cash Flow For the Year Ended December 31, 2021 Cash Flows from Operating Activities eBook Adjustments to reconcile net income to net cash flows from operating activities Print References 5 Net cash flows from operating activities Cash Flows from Investing Activities Nel cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the period Cath at the end of the period D