The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: 2020 $ 151,500 91,000 78,200 1,800 PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 Assets Current assets: Cash $ 141,050 Accounts receivable 77,200 Inventory 93,000 Prepaid rent 3,600 Long-term assets: Land 470,000 Equipment 768,000 Accumulated depreciation (424,000) Total assets $1,128,850 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 97,000 Interest payable 6, 750 Income tax payable 7,600 Long-term liabilities: Notes payable 112,500 Stockholders' equity: Common stock 690,000 Retained earnings 215,000 Total liabilities and $1,128,850 stockholders' equity 470,000 660,000 (264,000) $1,188,500 $ 83,200 13,500 4,800 225,000 690,000 172,000 $1,188,500 Additional Information for 2021: 1. Net income is $67,000. 2. The company purchases $108,000 in equipment. 3. Depreciation expense is $160,000. 4. The company repays $112,500 in notes payable. 5. The company declares and pays a cash dividend of $24,000. 1. Net income is $67,000. 2. The company purchases $108,000 in equipment. 3. Depreciation expense is $160,000. 4. The company repays $112,500 in notes payable. 5. The company declares and pays a cash dividend of $24,000. Required: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) 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