Question: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negotive amounts.) Additional Information for 2021

 Prepare the statement of cash flows using the indirect method. (List
cash outflows and any decrease in cash as negotive amounts.) Additional Information
for 2021 : 1. Net income is $78,000. 2. The company purchases
$111,000 in equipment. 3. Depreciation expense is $151,000. 4. The company repays

Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negotive amounts.) Additional Information for 2021 : 1. Net income is $78,000. 2. The company purchases $111,000 in equipment. 3. Depreciation expense is $151,000. 4. The company repays $117,500 in notes payable. 5. The company declares and pays a cash dividend of $29,500. The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: Additional Information for 2021: 1. Net income is $78,000. 2. The company purchases $111,000 in equipment

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