Exercise $11-8($Algo$)$ Prepare a statement of cash flows$-$indirect method $($LO$11-3,11-4,11-5)$

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

Additional Information for $2024$:

Net income is $$64,000.$

The company purchases $$105,000$ in equipment. No equipment was sold.

Depreciation expense is $$157,000.$

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

The company declares and pays a cash dividend of $$22,500.$ Required:

Prepare the statement of cash flows using the indirect method. $($Amounts to be deducted, cash outflows, and any decrease in cash

should be indicated with a minus sign.$)$