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The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASHA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021

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The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASHA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ 112,000 $ 120,000 78,000 92.000 95,000 80,000 4,000 2,000 480,000 480,000 790,000 670,000 (428,000) (268,000) $1,131,000 $1,176,000 Asseto Current annett Cash Accounts receivable Inventory Prepaid rent Long-term assets Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Interest payable Income tax payable Long-term liabilities Notes payable Stockholders' equity Common stock Retained earnings Total liabilities and stockholders' equity $ $ 99,000 6,000 8,000 100,000 85,000 12,000 5,000 200,000 700,000 210,000 31,131,000 700,000 174,000 $11.176.000 Additional Information for 2021 1. Net income is $69,000 2. The company purchases $120,000 in equipment 3. Depreciation expense is $160,000. 4. The company repays $100,000 in notes payable 5. The company declares and pays a cash dividend of $25,000 Required: Prepare the statement of cash flows using the Indirect method. (List cash outflows and any decrease in cash as negative amounts.) PLASMA SCREENS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2021 Required: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) PLASMA SCREENS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income lo not cash flows from operating activities Net cash flows from operating activities Cash Flows from Investing Activities $ 0 Net cash flows from investing activities Cash Flows from Financing Activities Not cash flows from financing activities 0 Cash at the beginning of the period Cash at the end of the period $ 0

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