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Exercise 11.8 (Algo) Prepare a statement of cash flows-indirect method (to11-3, 11-4, 11-5) The bolance sheets for Plasma Screens Corperation, along wah asdrional information, Are pronded bolown Additional thformation for 2024 1. Net income is 566.000 2. The company purchoses $107000 in equipment. No equpment was sold 3. Depreciation expense is 5159000 4. The company repays 5112.600 in notes poyable 5. The company declares and poys o cosh dividend of $23.500. Required: Prepere the statemant of cosh flows using the indirect method (Arsounts to be deducted, cosh ousfows, and any decreast in cash. should be indicated with a minus sign.) PLASIAA SCREENS CORPORATION Statement of Cash flows For the Year Ended December 31, 2024 \begin{tabular}{|l|l|} \hline Cash Flows from Operating Aclivities \\ \hline Adjustments to reconcile net income to nel cash \\ fows from operating activities \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Cash Flows from investing Activities Additional Informntion for 2024: 1. Purchesed odditional investment in stocks for 589.000 3. Purchased \$24,000 in equipment by issuing a 52.4.000 long-term note payable to me seder. No cash was eychanged in the tronsaction. 4. Declared and paid a cosh dividend of 5114,000 . 5. rsued comimon srock for $54,000 Required: Prepore the statement of cash flows using the wndivect method. Disciose any noncash trensactions in an occampanying note. (Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus aign.) 19iriutibs tu de veruinted. Exercise 11.8 (Algo) Prepare a statement of cash flows-indirect method (to11-3, 11-4, 11-5) The bolance sheets for Plasma Screens Corperation, along wah asdrional information, Are pronded bolown Additional thformation for 2024 1. Net income is 566.000 2. The company purchoses $107000 in equipment. No equpment was sold 3. Depreciation expense is 5159000 4. The company repays 5112.600 in notes poyable 5. The company declares and poys o cosh dividend of $23.500. Required: Prepere the statemant of cosh flows using the indirect method (Arsounts to be deducted, cosh ousfows, and any decreast in cash. should be indicated with a minus sign.) PLASIAA SCREENS CORPORATION Statement of Cash flows For the Year Ended December 31, 2024 \begin{tabular}{|l|l|} \hline Cash Flows from Operating Aclivities \\ \hline Adjustments to reconcile net income to nel cash \\ fows from operating activities \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Cash Flows from investing Activities Additional Informntion for 2024: 1. Purchesed odditional investment in stocks for 589.000 3. Purchased \$24,000 in equipment by issuing a 52.4.000 long-term note payable to me seder. No cash was eychanged in the tronsaction. 4. Declared and paid a cosh dividend of 5114,000 . 5. rsued comimon srock for $54,000 Required: Prepore the statement of cash flows using the wndivect method. Disciose any noncash trensactions in an occampanying note. (Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus aign.) 19iriutibs tu de veruinted

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