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 154,350 $ 169,000 Accounts receivable 74,400 87,500 Inventory 86.000 71,900 Prepaid rent 2,200 1,100 Long-term assets: Land 435,000 435,000 Equipment 726,000 625,000 Accumulated depreciation (403,000) (250,000) Total assets $ 1,074,950 $ 1,139,500 $ 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 2018: 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.)