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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

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 Assets Current assets: Cash $ 115,000 $ 131,200 Accounts receivable 79,600 94,000 Inventory 99,000 83,600 Prepaid rent 4,800 2,400 Long-term assets: Land 500,000 500,000 Equipment 806,000 690,000 Accumulated depreciation (432,000 ) (276,000 ) Total assets $ 1,172,400 $ 1,225,200 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 103,000 $ 88,600 Interest payable 6,600 13,200 Income tax payable 8,800 5,400 Long-term liabilities: Notes payable 110,000 220,000 Stockholders' equity: Common stock 720,000 720,000 Retained earnings 224,000 178,000 Total liabilities and stockholders' equity $ 1,172,400 $ 1,225,200 Additional Information for 2021: Net income is $73,000. The company purchases $116,000 in equipment. Depreciation expense is $156,000. The company repays $110,000 in notes payable. The company declares and pays a cash dividend of $27,000. Required: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)

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
Net cash flows from operating activities $0
Cash Flows from Investing Activities
Net cash flows from investing activities 0
Cash Flows from Financing Activities
Net cash flows from financing activities 0
Cash at the beginning of the period
Cash at the end of the period $0

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