mework Chapter 10 and Help Save & Exit Submit Check my work PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 $ $ ts 108,900 82,000 105,000 6,000 126, 800 97.000 89,000 3,000 eBook 530,000 830,000 (438,000) $1,223,900 530,000 720,000 (288.000) $1,277,800 Hint Print Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity References $ 109,000 6,900 10,000 94,000 13,800 6,000 115,000 230,000 750,000 233,000 $1,223,900 750,000 184,000 $1,277,800 Additional Information for 2021: 1. Net income is $79,000. 2. The company purchases $110,000 in equipment. 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. . You received partial credit in the previous attempt Check my work View previous attempt 6,000 3,000 530,000 830,000 (438.000) $1,223,900 530,000 720,000 288,000) $1,277,800 Prepaid rent Long-term assets Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity $ $ 109,000 6.900 10,000 94,000 13,000 6.000 ook 115,000 230,000 750,000 233.000 $1,223,900 750,000 184,000 $1,277.000 rences Additional Information for 2021: 1. Net income is $79,000. 2. The company purchases $110,000 in equipment. 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. Required: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) !!! Prev ITM HW 11/19 w 19. LOL XD