The balance sheet for Plasma Screens Corporation, along with additional information, are provided below. 2017 $ PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 Assets: Current assets: Cash $ 114,250 Accounts receivable 79,200 Inventory 98,000 Prepaid rent 4,600 Long-term assets: Land 495,000 Equipment 802,000 Accumulated depreciation (431,000) 128,400 93,500 82,700 2,300 495,000 685,000 (274,000) Total assets $1,162,050 $1,212,900 Liabilities and Stockholders' Equity Current liabilities Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity Common stock Retained earnings $ 102,000 $ 6,450 8,600 87,700 12.900 5,300 107,500 215,000 715,000 222,500 715,000 177 000 Total liabilities and stockholders' equity $1,162,050 $1,212,900 Additional Information for 2018: 1. Net income is $72,000. 2. The company purchases $117,000 in equipment 3. Depreciation expense is $157,000. 4. The company repays $107.500 in notes payable. 5 The company declares and pays a cash dividend of $26,500 Required: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as neg 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 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