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

PLASMA SCREENS CORPORATION
Balance Sheets
December 31, 2024 and 2023
	2024	2023
Assets
Current assets:
Cash	$113,500	$125,600
Accounts receivable	78,800	93,000
Inventory	97,000	81,800
Prepaid rent	4,400	2,200
Long-term assets:
Land	490,000	490,000
Equipment	798,000	680,000
Accumulated depreciation	(430,000)	(272,000)
Total assets	$1,151,700	$1,200,600
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$101,000	$86,800
Interest payable	6,300	12,600
Income tax payable	8,400	5,200
Long-term liabilities:
Notes payable	105,000	210,000
Stockholders' equity:
Common stock	710,000	710,000
Retained earnings	221,000	176,000
Total liabilities and stockholders' equity	$1,151,700	$1,200,600

Additional Information for 2024:

Net income is $71,000.

The company purchases $118,000 in equipment. No equipment was sold.

Depreciation expense is $158,000.

The company repays $105,000 in notes payable.

The company declares and pays a cash dividend of $26,000.

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.)