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PLASMA SCREENS CORPORATION Balance Sheets Assets Current assets: Cash Accounts recelvable Inventory Prepaid rent Long - term assets: Land Equipment Accumulated depreciation Total assets Liabilities
PLASMA SCREENS CORPORATION
Balance Sheets
Assets
Current assets:
Cash
Accounts recelvable
Inventory
Prepaid rent
Longterm assets:
Land
Equipment
Accumulated depreciation
Total assets
Liabilities and Stockholders' Equity
Current labilities:
Accounts payable
Interest payable
Income tax payable
Longterm liabilities:
Notes payable
Stockholders' equity:
Common stock
Retained earnings
Total liabilities and stockholders' equity
Additional Information for :
Net income is $
The company purchases $ in equipment. No equipment was sold.
Depreciation expense is $
The company repays $ in notes payable.
The company declares and pays a cash dividend of $
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.
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