The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets $ 174,600 88,500 Cash 155,850 75,200 Accounts receivable 88,000 73,700 Inventory 2,600 1,300 Prepaid rent Long-term assets: 445,000 Land 445,000 Equipment Accumulated depreciation 738,000 635,000 (409,000) $1,095,650 (254,000) $1,164,100 Total assets Liabilities and Stockholders' Equity Current 1iabilities: Accounts payable $ 92,000 S 78,700 Interest payable Income tax payable 7,050 14,100 6,600 4,300 Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings 117,500 235,000 665,000 665,000 207,500 167,000 $1,095,650 $1,164,100 Total liabilities and stockholders' equity Additional Information for 2021: 1. Net income is $62,000. 2. The company purchases $103,000 in equipment. 3. Depreciation expense is $155,000. 4. The company repays $117,500 in notes payable. 5. The company declares and pays a cash dividend of $21,500. 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, 2021 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