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
Assets
Current assets:
Cash	$	116,500			$	136,800
Accounts receivable		80,400				95,000
Inventory		101,000				85,400
Prepaid rent		5,200				2,600
Long-term assets:
Land		510,000				510,000
Equipment		814,000				700,000
Accumulated depreciation		(434,000	)			(280,000	)
Total assets	$	1,193,100			$	1,249,800
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	105,000			$	90,400
Interest payable		6,900				13,800
Income tax payable		9,200				5,600
Long-term liabilities:
Notes payable		115,000				230,000
Stockholders' equity:
Common stock		730,000				730,000
Retained earnings		227,000				180,000
Total liabilities and stockholders' equity	$	1,193,100			$	1,249,800

Additional Information for 2021:

1. Net income is $75,000.
2. The company purchases $114,000 in equipment.
3. Depreciation expense is $154,000.
4. The company repays $115,000 in notes payable.
5. The company declares and pays a cash dividend of $28,000.

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
Net income
Adjustments to reconcile net income to net cash flows from operating activities
Depreciation expense
Decrease in accounts receivable
Increase in accounts payable
Increase in inventory
Increase in prepaid rent
Increase in income tax payable
Decrease in interest payable
	75,000
Net cash flows from operating activities		$75,000
Cash Flows from Investing Activities
Purchase of equipment
Net cash flows from investing activities		0
Cash Flows from Financing Activities
Payment of cash dividends
Net cash flows from financing activities		0
Cash at the beginning of the period
Cash at the end of the period		$0