Exercise 11-10A Prepare a statement of cash flows-indirect method (LO11-3, 11-4, 11-5) The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 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 $60,000. 2. The company purchases $101,000 in equipment 3. Depreciation expense is $153,000 4. The company repays $112.500 in notes payable 5. The company declares and pays a cash dividend of $20,500. 2021 2020 $ 154,350 $ 169,000 74,400 86,000 87,500 71,900 2,200 1,100 435,000 435,000 726,000 625,000 (403,000) (250,000) $1,074,950 $1,139,500 $ 90,000 $ 76,900 6,750 13,500 6,200 4,100. 112,500 225,000 655,000 655,000 204,500 165,000 $1,074,950 $1,139,500