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
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
Accumulated depreciation (436,000) (284,000)
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
Additional Information for 2021:

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.
Required:
Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)