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The balance sheet for Plasma Screens Corporation, along with additional information, are provided below:

PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017
	2018		2017
Assets:
Current assets:
Cash	$	141,050	$	151,500
Accounts receivable		77,200		91,000
Inventory		93,000		78,200
Prepaid rent		3,600		1,800
Long-term assets:
Land		470,000		470,000
Equipment		768,000		660,000
Accumulated depreciation		(424,000)		(264,000)
Total assets	$	1,128,850	$	1,188,500
Liabilities and Stockholders' Equity:
Current liabilities:
Accounts payable	$	97,000	$	83,200
Interest payable		6,750		13,500
Income tax payable		7,600		4,800
Long-term liabilities:
Notes payable		112,500		225,000
Stockholders' equity:
Common stock		690,000		690,000
Retained earnings		215,000		172,000
Total liabilities and stockholders' equity	$	1,128,850	$	1,188,500

Additional Information for 2018:

1. Net income is $67,000.

2. The company purchases $108,000 in equipment.

3. Depreciation expense is $160,000.

4. The company repays $112,500 in notes payable.

5 .The company declares and pays a cash dividend of $24,000.

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, 2018 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities $0 Cash Flows from Investing Activities Net cash flows from investing activities 0 Cash Flows from Financing Activities Net 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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