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

Additional Information for 2024:

1. Net income is $79,000.
2. The company purchases $110,000 in equipment. No equipment was sold.
3. Depreciation expense is $150,000.
4. The company repays $115,000 in notes payable.
5. The company declares and pays a cash dividend of $30,000.

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.)

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