Question: please help Prepare the statement of cash flow using the indirect method. Use the following: The balance sheets for Plasma Screens Corporation, along with additional

Prepare the statement of cash flow using the indirect method. Use the following: The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $116,500 $136,800 80,400 95,000 101,000 85,400 5,200 2.600 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: 510,000 510.000 814,000 700,000 (434,000) (280,000 $1.193.100 $1,249,800 $ 105,000 $90,400 6.900 13,800 9.200 5,600 Long-term liabilities: Notes payable 115,000 230,000 Stockholders' equity: Common stock 730,000 730,000 Retained earnings 227,000 180,000 Total liabilities and stockholders' equity$1,193.100 $1,249,800 Additional Information for 2021: 1. Net income is $75,000, 2. The company purchases $114,000 in equipment. 3. Depreciation expense is $154,000. 4. The company repays $115,000 in notes payable. 5. The company declares and pays a cash dividend of $28,000. Required: Prepare the statement of cash flows using the indirect method
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