The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2024 and 2023 2024 2023 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent $155,850 $174,600 75,200 88,500 88,000 73,700 2,600 1,300 Long-term assets: Land 445,000 445,000 Equipment Accumulated depreciation Total assets 738,000 635,000 (409,000) (254,000) $1,095,650 $1,164,100 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable $92,000 $78,700 7,050 14,100 Income tax payable Long-term liabilities: Notes payable 6,600 4,300 Stockholders' equity: 117,500 235,000 Common stock 665,000 665,000 Retained earnings 207,500 167,000 Total liabilities and stockholders' equity $1,095,650 $1,164,100 Additional Information for 2024: Additional Information for 2024: 1. Net income is $62,000. 2. The company purchases $103,000 in equipment. No equipment was sold. 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. (Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.) PLASMA SCREENS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2024 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 $ $ 0 0