Question

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


Additional Information for 2015:
1. Net income is $79,000.
2. The company purchases $110,000 in equipment.
3. Depreciation expense is $150,000.
4. The company repays $115,000 in notes payable.
5. The company declares and pays a cash dividend of $30,000.

Required:
Prepare the statement of cash flows using the indirectmethod.


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  • CreatedJuly 15, 2014
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