The balance sheets for Plasma Screens Corporation, along with additional information, are provided below:

PLASMA SCREENS CORPORATION

Balance Sheets

December $31,2024$ and $2023$

$20242023$

Assets

Current assets:

Cash $$114,250$ $$128,400$

Accounts receivable $79,20093,500$

Inventory $98,00082,700$

Prepaid rent $4,6002,300$

Long$-$term assets:

Land $495,000495,000$

Equipment $802,000685,000$

Accumulated depreciation $(431,000)(274,000)$

Total assets $$1,162,050$ $$1,212,900$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $$102,000$ $$87,700$

Interest payable $6,45012,900$

Income tax payable $8,6005,300$

Long$-$term liabilities:

Notes payable $107,500215,000$

Stockholders' equity:

Common stock $715,000715,000$

Retained earnings $222,500177,000$

Total liabilities and stockholders' equity $$1,162,050$ $$1,212,900$

Additional Information for $2024$:

Net income is $$72,000.$

The company purchases $$117,000$ in equipment. No equipment was sold.

Depreciation expense is $$157,000.$

The company repays $$107,500$ in notes payable.

The company declares and pays a cash dividend of $$26,500.$

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.$)$