PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ $ 115,000 79,600 99,000 4,800 131,200 94,000 83,600 2,400 500,000 806,000 (432,000) $1,172,400 500,000 690,000 (276,000) $1,225,200 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term 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 $ $ 103,000 6,600 8,800 88,600 13,200 5,400 110,000 220,000 720,000 224,000 $1,172,400 720,000 178,000 $1,225,200 Additional Information for 2021: 1. Net income is $73,000. 2. The company purchases $116,000 in equipment. 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. (List cash outflows and any decrease in cash as negative amounts.) 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 investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the period Coob at the end of the narind