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

Required:
Prepare the statement of cash flows using the indirect method.

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Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land PLASMA SCREENS CORPORATION Balance Sheets December 31, 2024 and 2023 Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity 2024 $ 108,900 $ 126,800 82,000 97,000 105,000 89,000 6,000 3,000 2023 530,000 830,000 (438,000) $1,223,900 $1,277,800 6,900 10,000 530,000 720,000 (288,000) $ 109,000 $ 94,000 13,800 6,000 115,000 230,000 750,000 233,000 $1,223,900 $1,277,800 750,000 184,000