The balance sheets for Plasma Screens Corporation, along with additional information, are provided below:

Additional Information for $2024$ :

Net income is $$74,000.$

The company purchases $$115,000$ in equipment. No equipment was sold.

Depreciation expense is $$155,000.$

The company repays $$105,000$ in notes payable.

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

should be indicated with a minus sign.$)$ 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.$)$