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 $ 108,900 82,000 105, eee 6, eee $ 126,800 97, eee 89, eee 3, eee 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 530,000 830, eee (438,000) $1,223,900 530, eee 720, eee (288, eee) $1,277, see $ $ 105eee 6,980 1e, eee 94, eee 13,800 6,899 115,00 23e, eee 750, eee 233.ee 750, eee 184.eee Help LILULA Retained earnings Total liabilities and stockholders' equity #JU, Vuu 233, 000 $1,223,900 #JU, 184, eee $1,277,888 Additional Information for 2021: 1. Net income is $79,000. 2. The company purchases $110,000 in equipment. 3. Depreciation expense is $150,000 4. The company repays $115,000 in notes payable. 5. The company declares and pays a cash dividend of $30,000. Required: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative 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: Adjustments to reconcile net income to net cash flows from operating activities: ces Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities 1 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