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Exercise 11-10 Prepare a statement of cash flows indirect method (LO11-2, 11-3) The balance sheet for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 2017 Assets Current assets: Cash 151,300 166,800 75,600 Accounts receivable 89,000 89,000 74,600 Inventory Prepaid rent 2,800 1,400 Long-term assets: Land 450,000 450,000 Equipment 744,000 640,000 Accumulated depreciation (412,000) (256,000) Total assets 1,100,700 1,165,800 Liabilities and Stockholders' Equity: Current liabilities: 93,000 79,600 Accounts payable 13,800 Interest payable 6,900 Income tax payable 6,800 4,400 Long-term liabilities Notes payable 115,000 230,000 Stockholders' equity: 670,000 670,000 Common stock Retained earnings 209,000 168,000 Total liabilities and stockholders' equity 1,100,700 1,165,800 Additional Information for 2018: 1. Net income is $63,000. 2. The company purchases $104,000 in equipment. 3. Depreciation expense is $156,000. 4. The company repays $115,000 in notes payable. 5.The company declares and pays a cash dividend of $22,000