The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets. December 31, 2024 and 2023 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 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 $59,000. 2024 2023 $156,250 74,000 $171,500 87,000 85,000 71,000 2,000 1,000 430,000 430,000 720,000 620,000 (400,000) (248,000) $1,067,250 $1,132,500 $89,000 $76,000 6,750 13,500 6,000 4,000 112,500 225,000 650,000 650,000 203,000 164,000 $1,067,250 $1,132,500 2. The company purchases $100,000 in equipment. No equipment was sold. 3. Depreciation expense is $152,000. 4. The company repays $112,500 in notes payable. 5. The company declares and pays a cash dividend of $20,000. 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 tement of Cash Flows CST