Question: Exercise 11-8 (Algo) Prepare a statement of cash flows-indirect 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 flows-indirect method (LO11-3,11-4, 11-5) The balance sheets for Plasma Screens Corporation, along with additionalinformation, are provided below: Additional Information for 2024 : Additional Information for2024 : 1. Net income is $74,000. 2. The company purchases $115,000

Exercise 11-8 (Algo) Prepare a statement of cash flows-indirect method (LO11-3, 11-4, 11-5) The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: Additional Information for 2024 : Additional Information for 2024 : 1. Net income is $74,000. 2. The company purchases $115,000 in equipment. No equipment was sold. 3. Depreciation expense is $155,000. 4. The company repays $105,000 in notes payable. 5. The company declares and pays a cash dividend of $27,500. 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.) PLASMA SCREENS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2024

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