Balance sheets for Plasma Screens Corporation along with additional information are provided below:

Additional Information for 2015:
1. Net income is $160,000.
2. The company purchases $200,000 in equipment.
3. Depreciation expense is $80,000.
4. The company repays $75,000 in notes payable.
5. The company declares and pays a cash dividend of $35,000.

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

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PLASMA SCREENS CORPORATION Balance Sheets December 31, 2015 and 2014 2015 2014 Assets Current assets Cash Accounts receivable Inventorv S82,000 72,000 65.000 5,000 S120,000 96,000 80,000 4.000 repaid rent Long-term assets 500,000 800,000 (380,000) 500,000 600.000 an Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equitv Current liabilities Accounts payable Interest payable Income tax payable S78,000 5,000 9,000 S82,000 9,000 7,000 Long-tem liabilities Notes payable 75,000 150,000 600,000 S1.100.000 Stockholders equity: 600.000 377.000 Total liabilities and stockholders equitv S1.144.000 Common stock Retained earnings