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	$113,450	$134,600
Accounts receivable	81,600	96,500
Inventory	104,000	88,100
Prepaid rent	5,800	2,900
Long-term assets:
Land	525,000	525,000
Equipment	826,000	715,000
Accumulated depreciation	(437,000)	(286,000)
Total assets	$1,218,850	$1,276,100
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$108,000	$93,100
Interest payable	7,050	14,100
Income tax payable	9,800	5,900
Long-term liabilities:
Notes payable	117,500	235,000
Stockholders' equity:
Common stock	745,000	745,000
Retained earnings	231,500	183,000
Total liabilities and stockholders' equity	$1,218,850	$1,276,100

Additional Information for 2024:

Net income is $78,000.

The company purchases $111,000 in equipment. No equipment was sold.

The depreciation expense is $151,000.

The company repays $117,500 in notes payable.

The company declares and pays a cash dividend of $29,500.

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.)

PLASMA SCREENS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2024 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period