Prepare the statement of cash flow using the indirect method. Use the following: 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 Assets Current assets: Cash $116,500 $136,800 Accounts receivable Inventory 80,400 95,000 101,000 85,400 Prepaid rent 5,200 2,600 Long-term assets: Land 510,000 510,000 Equipment 814,000 700,000 Accumulated depreciation (434,000) (280,000 ) Total assets $1,193,100 $1,249,800 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $105,000 $90,400 Interest payable 6,900 13,800 Income tax payable 9,200 5,600 Long-term liabilities: Notes payable 115,000 230,000 Stockholders' equity: 730,000 730,000 Common stock 227,000 180,000 Retained earnings Total liabilities and stockholders' equity$1,193,100 $1,249,800 Additional Information for 2021: 1. Net income is $75,000. 2. The company purchases $114,000 in equipment. 3. Depreciation expense is $154,000. 4. The company repays $115,000 in notes payable. 5. The company declares and pays a cash dividend of $28,000. Required: Prepare the statement of cash flows using the indirect method.