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 $ 146,750 $ 159,000 89,500 75,500 1,500 76,000 90,000 3,000 Prepaid rent Long-term assets: Land Equipment Accumulated depreciation 455,000 645,000 (415,000) (258,000) 455,000 750,000 Total assets 1,105,750 $ 1,167,500 Liabilities and Stockholders' Equity: Current liabilities Accounts payable Interest payable Income tax payable S 94,000 $ 80,500 13,500 4,500 6,750 7,000 Long-term liabilities Notes payable 112,500 225,000 Stockholders' equity: Common stock Retained earnings 675,000 210,500 675,000 169,000 Total liabilities and stockholders' equity 1,105,750 $ 1,167,500 Additional Information for 2015 1. Net income is $64,000 2. The company purchases $105,000 in equipment. 3. Depreciation expense is $157,000 4. The company repays $112,500 in notes payable 5. The company declares and pays a cash dividend of $22,500 Required Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)