The balance sheet for Plasma Screens Corporation along with additional information is provided below:
Additional Information for 2012:
1. Net income is $69,000.
2. The company purchases $120,000 in equipment.
3. Depreciation expense is $160,000.
4. The company repays $100,000 in notes payable.
5. The company declares and pays a cash dividend of $25,000.
Prepare the statement of cash flows using the indirect method.