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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 $70,000 2.

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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 $70,000 2. The company purchases $119,000 in equipment. No equipment was sold. 3. Depreciation expense is $159,000 4. The company repays $102,500 in notes payable 5. The company declares and pays a cash dividend of $25,500 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.) 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.)

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