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 $154,350 $169,000 Accounts receivable 74,400 87,500 Inventory 86,000 71,900 Prepaid rent 2,200 1,100 Long-term assets: Land 435,000 435,000 Equipment 726,000 625,000 Accumulated depreciation (403,000) (250,000) Total assets $1,074,950 $1,139,500 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $90,000 $76,900 Interest payable 6,750 13,500 Income tax payable 6,200 4,100 Long-term liabilities: Notes payable 112,500 225,000 Stockholders' equity: Common stock 655,000 655,000 Retained earnings 20

The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: Additional Information for 2024: 1. Net income is $60,000. 2. The company purchases $101,000 in equipment. No equipment was sold. 3. Depreciation expense is $153,000. 4. The company repays $112,500 in notes payable. 5. The company declares and pays a cash dividend of $20,500. 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.)