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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 $62,000. 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 $62,000. 2. The company purchases $103,000 in equipment. No equipment was sold. 3. Depreciation expense is $155,000. 4. The company repays $117,500 in notes payable. Additional information for 2024 1. Net income is $62,000. 2. The company purchases $103,000 in equipment. No equipment was sold. 3. Depreciation expense is $155,000. 4. The company repays $117.500 in notes payable. 5. The company declares and pays a cash dividend of $21,500 Required: Prepare the statement of cash flows using the indirect method. (Amounts to be deducted, cashoutflows, and any decrease in cash should be indicated with a minus sign.)

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