The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: Additional Information for 2024 : 1. Net income is $65,000. 2. The company purchases $106,000 in equipment. No equipment was sold. 3. Depreciation expense is $158,000. 4. The company repays $112,500 in notes payable. 5. The company declares and pays a cash dividend of $23,000. Required: Prepare the statement of cash flows using the indirect method. (Amounts to be deducted, cash outflows, should be indicated with a minus sign.) Additional Information for 2024 : 1. Net income is $65,000. 2. The company purchases $106,000 in equipment. No equipment was sold. 3. Depreciation expense is $158,000. 4. The company repays $112,500 in notes payable. 5. The company declares and pays a cash dividend of $23,000. 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 Statement of Cash Flows For the Year Ended December 31, 2024 \begin{tabular}{|l|l|l|} \hline Cash Flows from Operating Activities & \\ \hline Net income & & \\ \hline Adjustments to reconcile net income to net cash & & \\ \hline flows from operating activities & & \\ \hline Depreciation expense & & \\ \hline Decrease in accounts receivable & & \\ \hline Increase in inventory & & \\ \hline Increase in prepaid rent & & \\ \hline Increase in accounts payable & & \\ \hline Decrease in accounts payable & & \\ \hline Increase in income tax payable & & \\ \hline \multicolumn{1}{|l|}{ Cash at the end of the period } & \\ \hline Net cash flows from operating activities & & \\ \hline Cash Flows from Investing Activities & & \\ \hline \multicolumn{1}{|l|}{} & \\ \hline \end{tabular}