Exercise 11-8 (Static) 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 : 1. Net income is $79,000. 2. The company purchases $110,000 in equipment. No equipment was sold. 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. \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ Statement of Cash Flows } \\ \hline Cash Flows from Operating Activities & \\ \hline & \\ \hline Adjustments to reconcile net income to net cash & \\ flows from operating activities: & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline Net cash flows from operating activities & \\ \hline Cash Flows from Investing Activities & \\ \hline \end{tabular}