The balance sheets for Plasma Screens Corporation, along with additional Information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ 113,450 81,600 104,000 5,800 $ 134,600 96,500 88,100 2,900 525,000 715,000 (286,000) $1,276, 100 525,000 826,000 (437,000) $1,218,850 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 $ $ 108,000 7,050 9,800 93,100 14,100 5,900 117,500 745,000 231,500 $1,218,850 235,000 745,000 183,000 $1,276,100 Additional Information for 2021: 1. Net income is $78,000. 2. The company purchases $111,000 in equipment. 3. Depreciation expense is $151,000. 4. The company repays $117,500 in notes payable. 5. The company declares and pays a cash dividend of $29,500. Required: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) PLASMA SCREENS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2021 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