The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2017 2018 Assets: Current assets: Cash Accounts receivable Inventory Prepaid rent $73,850 $ 112,000 78,000 95,000 4,000 57,500 80,000 7,250 Long-term assets: 480,000 995,000 480,000 790,000 (588,000) (428,000) Equipment Accumulated depreciation Total assets $ 1,105,600 1,131,000 Liabilities and Stockholders' Equity: Current liabilities: Accounts payable Interest payable Income tax payable $ 85,000 $ 99,000 6,000 8,000 4,850 11,250 42,500 700,000 Long-term liabilities: Notes payable 100,000 Stockholders' equity: Common stock Retained earnings 700,000 218,000 262,000 Total liabilities and stockholders' equity s 1,105,600 1,131,000 Additional Information for 2018: 1. Net income is $69,000. 2. The company purchases $205,000 in equipment. 3. Depreciation expense is $160,000. 4. The company repays $57,500 in notes payable. he company declares and pays a cash dividend of $25,000. 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 Adjustments to reconcile net income to net activites 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