The balance sheets for Ultra HD Corporation, along with additional information, are provided below: Additional Information for 2024 : 1. Net income is $60,000. 2. The company purchases $101,000 in equipment. 3. Depreciation expense is $153,000. 4. The company repays $112,500 in notes payable. 5. The company declares and pays a cash dividend of $20,500. epare 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. Adjustments to reconcule net income to net casn nows trom operating activities