PLASMA DISPLAY CORPORATION Balance sheets December 31, 2021 and 2020
	2021				2020
Assets
Current assets:
Money	ps	108,900			ps	126,800
accounts receivable		82,000				97,000
Inventory		105,000				89,000
prepaid rent		6,000				3,000
Long-term assets:
Tierra		530.000				530.000
Equipment		830.000				720.000
Accumulated depreciation		(438.000	)			(288.000	)
total assets	ps	1,223,900			ps	1,277,800
Liabilities and Equity
current liabilities:
Accounts payable	ps	109,000			ps	94,000
interest to pay		6,900				13,800
Income tax payable		10,000				6,000
Long term passives:
Pay		115,000				230.000
Equity:
Common actions		750.000				750.000
Retained earnings		233,000				184.000
Total liabilities and stockholders' equity	ps	1,223,900			ps	1,277,800

Additional information for 2021:

1. Net income is $79,000.
2. The company purchases $110,000 worth of equipment.
3. The depreciation expense is $150,000.
4. The company pays $115,000 in notes payable.
5. The company declares and pays a cash dividend of $30,000.

Required:

Prepare the statement of cash flows using the indirect method. (List cash outflows and any cash decreases as negative amounts.)

PLASMA DISPLAY CORPORATION
Statement of cash flows
For the year ended December 31, 2021
Cash flows from operating activities
not tried
Adjustments to reconcile net income to net cash flows from operating activities:
Net cash flows from operating activities		$0
Cash flows from investing activities
Net cash flows from investing activities		0
Cash flows from financing activities
Net cash flows from financing activities		0
Effective at the beginning of the period
Cash at the end of the period		$0