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	$	108,900			$	126,800
Accounts receivable		82,000				97,000
Inventory		105,000				89,000
Prepaid rent		6,000				3,000
Long-term assets:
Land		530,000				530,000
Equipment		830,000				720,000
Accumulated depreciation		(438,000	)			(288,000	)
Total assets	$	1,223,900			$	1,277,800
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	109,000			$	94,000
Interest payable		6,900				13,800
Income tax payable		10,000				6,000
Long-term liabilities:
Notes payable		115,000				230,000
Stockholders' equity:
Common stock		750,000				750,000
Retained earnings		233,000				184,000
Total liabilities and stockholders' equity	$	1,223,900			$	1,277,800

Additional Information for 2021:

1. Net income is $79,000.
2. The company purchases $110,000 in equipment.
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. (List cash outflows and any decrease in cash as negative amounts.)

Answer is not complete. PLASMA SCREENS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities Net income $ 79,000 Adjustments to reconcile net income to net cash flows from operating activities: Depreciation expense 150,000 Decrease in accounts receivable 15,000 Increase in inventory (16,000) Increase in prepaid rent (3,000) Increase in accounts payable 15,000 Decrease in interest payable (6,900) Increase in income tax payable 4,000 $ 237,100 Net cash flows from operating activities Cash Flows from Investing Activities Purchase of equipment (110,000) (110,000) Net cash flows from investing activities Cash Flows from Financing Activities Payment of notes payable Payment of cash dividends (115,000) (30,000) (145,000) Net cash flows from financing activities Net decrease in cash Cash at the beginning of the period Cash at the end of the period 0