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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
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.) The balance sheets for Plasma Screens Corporation, along with additional information, are provided below Additional Information for 2024: 1. Net income is $59,000. 2. The company purchases $100,000 in equipment. No equipment was sold. 3. Depreciation expense is $152,000. 4. The company repays $112,500 in notes payable. 5. The company declares and pays a cash dividend of $20,000
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