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	$	90,000	$	76,900
Interest payable		6,750		13,500
Income tax payable		6,200		4,100
Long-term liabilities:
Notes payable		112,500		225,000
Stockholders' equity:
Common stock		655,000		655,000
Retained earnings		204,500		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.)

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 Accounts receivable Inventory Prepaid rent $ 154,350 $ 169,000 87,500 71,900 1,100 74,400 86,000 2,200 Long-term assets Land Equipment Accumulated depreciation 435,000 726,000625,000 (403,000) (250,000) 435,000 Total assets $1,074,950 $1,139,500 Liabilities and Stockholders' Equity: Current liabilities: Accounts payable Interest payable Income tax payable $ 90,000$ 76,900 13,500 4,100 6,750 6,200 Long-term liabilities Notes payable 112,500 225,000 Stockholders' equity: Common stock Retained earnings 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.) PLASMA SCREENS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2018 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating 0 activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period