Plasma Screens Corporation

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.

Required:

Prepare the statement of cash flows using the indirect method.

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