Required:

Prepare the full statement of cash flows using the indirect method for the operating cash flow?

The balance sheet for Plasma Screens Corporation, along with additional information, are provided below:

Additional Information for 2019:

• Net income is $77,000.
• The company purchases $112,000 in equipment.
• Depreciation expense is $152,000. The company repays $115,000 in notes payable.
• The company declares and pays a cash dividend of $29,000.

The balance sheet for Plasma Screens Corporation, along with additional information, are provided below:

PLASMA SCREENS CORPORATION Balance Sheets December 31, 2019 and 2018
	2019	2018
Assets:
Current assets:
Cash	$	112,700	$	131,800
Accounts receivable		81,200		96,000
Inventory		103,000		87,200
Prepaid rent		5,600		2,800
Long-term assets:
Land		520,000		520,000
Equipment		822,000		710,000
Total assets	$	1,208,500	$	1,263,800
Liabilities and Stockholders' Equity:
Current liabilities:
Accounts payable	$	107,000	$	92,200
Interest payable		6,900		13,800
Income tax payable		9,600		5,800
Long-term liabilities:
Notes payable		115,000		230,000
Stockholders' equity:
Common stock		740,000		740,000
Retained earnings		230,000		182,000
Total liabilities and stockholders' equity	$	1,208,500	$	1,263,800