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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 $61,000 2.
The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: Additional Information for 2024 : 1. Net income is $61,000 2. The company purchases $102,000 in equipment. No equipment was sold 3. Depreciation expense is $154,000. 4. The company repays $115,000 in notes payable. 5. The company declares and pays a cash dividend of $21,000. Required: Prepare the statement of cash flows using the indirect method. (Amounts to be deducted, cash outflows, and any de should be indicated with a minus sign.) Net cash flows from operating activities $215,000 Cash Flows from Investing Activities Purchase of equipment Net cash flows from investing activities Cash Flows from Financing Activities Net decrease in cash Cash at the beginning of the period Cash at the end of the period \begin{tabular}{|l|l|l|} \hline & & 0 \\ \hline & & \\ \hline & & \\ \hline$ & 0 \\ \hline \end{tabular}
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