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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 $60,000. 2. The company purchases $101,000 in equipment. No equipment was sold. 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. 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 \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Net cash flows from investing activities } & & \\ \hline Cash Flows from Financing Activities & & \\ \hline Payment of cash dividends & & \\ \hline Payment of notes payable & & \\ \hline & & \\ \hline \multicolumn{1}{|c|}{ Net cash flows from financing activities } & & \\ \hline Net decrease in cash & & \\ \hline Cash at the beginning of the period & & \\ \hline Cash at the end of the period & $ \\ \hline \hline \end{tabular}