Please disregard anything I have typed in, some of it is wrong. thanks!

The balance sheet for Plasma Screens Corporation along with additional information is provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2015 and 2014 2015 2014 Assets: Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land 154,350 $ 74,400 86,000 2,200 169,000 87,500 71,900 1,100 435,000 726,000 (403,000) 435,000 625,000 (250,000) Equipment Accumulated depreciation $1,074,950 $1,139,500 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 90,000 $ 6,750 6,200 76,900 13,500 4,100 112,500 225,000 655,000 204,500 655,000 165,000 Total liabilities and stockholders' equity $1,074,950 $ 1,139,500 Additional Information for 2015: 1. Net income is $60,000. 2. The company purchases $101,000 in equipment 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. (List cash outflows and any decrease in cash as negative amounts.) PLASMA SCREENS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2015 Cash flows from operating activities Net income 60,000 Adjustments to reconcile net income to net cash flows from operating activities Depreciation expense 153,000 Increase in accounts payable 13,100 (14,100) Increase in inventory Increase in prepaid rent (1,100) Decrease in accounts payable 13,100 Decrease in interest payable Decrease in income tax payable Net cash flows from operating activities 224,000 Cash flows from investing activities: Purchase of equipment Net cash flows from investing activities Cash flows from financing activities: Payment of cash dividends (20500) (112500) Payment of notes payable (133000) Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period C