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PLASMA SCREENS CORPORATION Balance Sheets December 31, 2024 and 2023 Assets 2024 2023 Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land Equipment Acccueulated depreciation Tota assets Liabllities and Stockholdens" Equity Current liabilities: Accounts payable: Interest psyable Inicone tax payble Long-terin liabilities: 10otes payoble stokeholders' eguityy Coenon itock Retalfed exrnitgs Total Ii ab1lities and Stockholders' equity $113,560 78,800 97,000 4,460 \begin{tabular}{rr} 490,000 & 490,00e \\ 798,000 & 680,000 \\ (430,000) & (272,000) \\ \hline$1,151,700 & $1,209,600 \\ \hline \end{tabular} $125,600 93,090 81,800 2,200 \begin{tabular}{rr} $101,000 & $86,800 \\ 6,300 & 12,600 \\ 8,400 & 5,200 \\ 185,000 & 210,000 \\ 210,000 & 210,000 \\ 221,900 & 176,000 \\ \hline$1,151,709 & $1,200,600 \\ \hline \end{tabular} Adidignal intormstign for 2024 1. Net income is 571006 Additional Information for 2024 : 1. Net income is $71,000. 2. The company purchases $118,000 in equipment. No equipment was sold. 3. Depreciation expense is $158,000. 4. The company repays $105,000 in notes payable. 5. The company declares and pays a cash dividend of $26,000. Required: Prepare the statement of cash flows using the indirect method. (Amounts to be deducted, cash outflows, and should be indicated with a minus sign.)

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