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	$	151,300	$	166,800
Accounts receivable		75,600		89,000
Inventory		89,000		74,600
Prepaid rent		2,800		1,400
Long-term assets:
Land		450,000		450,000
Equipment		744,000		640,000
Accumulated depreciation		(412,000)		(256,000)
Total assets	$	1,100,700	$	1,165,800
Liabilities and Stockholders' Equity:
Current liabilities:
Accounts payable	$	93,000	$	79,600
Interest payable		6,900		13,800
Income tax payable		6,800		4,400
Long-term liabilities:
Notes payable		115,000		230,000
Stockholders' equity:
Common stock		670,000		670,000
Retained earnings		209,000		168,000
Total liabilities and stockholders' equity	$	1,100,700	$	1,165,800

Additional Information for 2018:

1. Net income is $63,000.

2. The company purchases $104,000 in equipment.

3. Depreciation expense is $156,000.

4. The company repays $115,000 in notes payable.

5 .The company declares and pays a cash dividend of $22,000.

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 63,000 Net income Adjustments to reconcile net income to net cash flows from operating activities 156,000 Depreciation expense Decrease in accounts receivable Increase in inventory Increase in prepaid rent Increase in accounts payable Decrease in interest payable Increase in income tax payable Net cash flows from operating 219,000 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