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The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: Additional Information for 2024 : 1. Net income is $74,000. 2.
The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: Additional Information for 2024 : 1. Net income is $74,000. 2. The company purchases $115,000 in equipment. No equipment was sold. 3. Depreciation expense is $155,000. 4. The company repays $105,000 in notes payable. 5. The company declares and pays a cash dividend of $27,500. 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.) \begin{tabular}{|c|c|} \hline \\ \hline \\ \hline Cash Flows from Invosting Activities & \\ \hline \\ \hline & \\ \hline & \\ \hline Net cash flows from operating activitios & \\ \hline Not cash flows from investing activities & \\ \hline Cash Flows from Financing Activities & \\ \hline & \\ \hline & \\ \hline Cash at the beginning of the period & \\ \hline Cash at the end of the period & \\ \hline \end{tabular} Decrease in accounts payable Decrease in accounts receivable Decrease in income tax payable Decrease in interest payable Decrease in inventory Decrease in prepaid rent Depreciation expense Increase in accounts payable Increase in accounts receivable Increase in income tax payable Increase in inventory Increase in prepaid rent Net income Net loss Net income Net loss Payment of cash dividends Payment of notes payable Purchase of equipment
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