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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

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 $ 141,050 $ 151,500
Accounts receivable 77,200 91,000
Inventory 93,000 78,200
Prepaid rent 3,600 1,800
Long-term assets:
Land 470,000 470,000
Equipment 768,000 660,000
Accumulated depreciation (424,000) (264,000)

Total assets $ 1,128,850 $ 1,188,500

Liabilities and Stockholders' Equity:
Current liabilities:
Accounts payable $ 97,000 $ 83,200
Interest payable 6,750 13,500
Income tax payable 7,600 4,800
Long-term liabilities:
Notes payable 112,500 225,000
Stockholders' equity:
Common stock 690,000 690,000
Retained earnings 215,000 172,000

Total liabilities and stockholders' equity $ 1,128,850 $ 1,188,500

Additional Information for 2018:

1. Net income is $67,000.

2. The company purchases $108,000 in equipment.

3. Depreciation expense is $160,000.

4. The company repays $112,500 in notes payable.

5 .The company declares and pays a cash dividend of $24,000.

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 activities $0
Cash Flows from Investing Activities
Net cash flows from investing activities 0
Cash Flows from Financing Activities
Net cash flows from financing activities 0
Cash at the beginning of the period
Cash at the end of the period $0

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