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

The balance sheet for Plasma Screens Corporation, along with additional information, are provided above.

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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.)