Question: Exercise 11-8 (Algo) Prepare a statement of cash flowsindirect method (LO11-3, 11-4, 11-5) The balance sheets for Plasma Screens Corporation, along with additional information, are

Exercise 11-8 (Algo) Prepare a statement of cash flowsindirect method (LO11-3, 11-4, 11-5)

The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: Exercise 11-8 (Algo) Prepare a statement of cash flowsindirect method (LO11-3, 11-4,

Additional Information for 2024:

Net income is $69,000.

The company purchases $120,000 in equipment. No equipment was sold.

Depreciation expense is $160,000.

The company repays $100,000 in notes payable.

The company declares and pays a cash dividend of $25,000.

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.)

PLASMA SCREENS CORPORATION Balance Sheets December 31,2024 and 2023 For the Year Ended December 31, 2024 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities

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