Exercise 11-8 (Algo) 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: Additional Information for 2024: 1. Net income is $73,000. 2. The company purchases $116,000 in equipment. No equipment was sold. 3. Depreciation expense is $156,000. 4. The company repays $110,000 in notes payable. 5. The company declares and pays a cash dividend of $27,000. Required: Prepare the statement of cash flows using the indirect method. (Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.) PLASMA SCREENS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2024 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities $ 0 Cash Flows from Financing Activities \begin{tabular}{|l|l|l|} \hline Cash Flows from Financing Activities & & \\ \hline & & \\ \hline & & \\ \hline Net cash flows from financing activities & & \\ \hline & & \\ \hline Cash at the beginning of the period & & 0 \\ \hline Cash at the end of the period & & \\ \hline \end{tabular}