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: Cash 113,500 125,600 Accounts receivable 78,800 93,000 Inventory 97,000 81,800 Prepaid rent Long-term assets 4,400 2,200 Land 490,000 490,000 Equipment Accumulated depreciation 798,000 680,000 (430,000) (272,000) $1,151,700 $1,200,600 Total assets Liabilities and Stockholders Equity Current liabilities: Accounts payable Interest payable Income tax payable $ 101,000 S 86,800 6,300 12,600 5,200 8,400 Lonq-term liabilities: Notes payable Stockholders' equity: 105,000 210,000 Common stock 710,000 710,000 Retained earnings 221,000 176,000 $1,151,700 $1,200,600 Total liabilities and stockholders' equity Additional Information for 2021: Net income is $71,000. 2. The company purchases $118,000 in equipment. 3. Depreciation expense is $158,000. 4. The company repays $105,000 in notes payable. 5. The company declares and pays a cash dividend of $26,000. 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, 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 0 Cash at the beginning of the period $ 0 Cash at the end of the period