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The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ $ 144,950 76.400 91,000 3,200 156,500 90,000 76,400 1,600 460,000 756,000 1418.000) $1,113,450 460,000 650,000 (260,000) $1,174,500 Asseta Current assets: Coub Accounts receivable Inventory Prepaid rent Long-teru. 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 $ $ 95,000 6,750 7,200 81,400 13,500 4,600 112,500 225,000 680,000 212,000 $1,113,450 680,000 170,000 $1,174,500 Additional Information for 2021: 1. Net Income is $65,000. 2. The company purchases $106,000 in equipment B. Depreciation expense is $158,000. 1. The company repays $112,500 in notes payable. Additional Information for 2021: 1. Net income is $65,000. 2. The company purchases $106,000 in equipment. 3. Depreciation expense is $158,000. 4. The company repays $112,500 in notes payable. 5. The company declares and pays a cash dividend of $23,000. 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 Year Ended December 31, 2021 Cash Flows frum Operating Activities Suctmants to reconcile not income to not Decrease in accounts payable Decrease in accounts receivable Decrease in income tax payable Decrease in interest payable Additional Information for 2021: 1. Net income is $65,000. 2. The company purchases $106,000 in equipment. 3. Depreciation expense is $158,000. 4. The company repays $112,500 in notes payable. 5. The company declares and pays a cash dividend of $23,000. 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 Year Ended December 31, 2021 Cash Flows frum Operating Activities luctant to reconcile not income to not L encil net income and Net income Net loss Payment of cash dividends Payment of notes payable Purchase of equipment 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 Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period