The balance sheets for Plasma Screens Corporation, along with additional information, are provided below. PLASMA SCREENS CORPORATION Balance Sheets. December 31, 2024 and 2023 2023 2024 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable $154,350 74,400 86,000 2,200 $169,000 87,500 71,900 1,100 435,000 726,000 (403,000) $1,074,950 435,000 625,000 (250,000) $1,139,500 Interest payable Income tax payable. Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity Additional Information for 2024: 1. Net income is $60,000. $90,000 6,750 6,200 $76,900 13,500 4,100 112,500 225,000 655,000 655,000 204,500 165,000 $1,074,950 $1,139,500 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.)