1. Purchased additional investment in stocks for $88,000. 2. Sold land for $55,000. The land originally was purchased for $51,500, resulting in a $3,500 gain being recorded at the time of the sale. 3. Purchased $23,000 in equipment by issuing a $23,000 long-term note payable to the seller. No cash was exchanged in the transaction. 4. Declared and paid a cash dividend of $113,000. 5. Issued common stock for $53,000. Required: Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note. (Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.) Cash Flows from Operating Activities: PETERSON INCORPORATED Statement of Cash Flows For the Year Ended December 31, 2024 Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities Cash Flows from Investing Activities: Net cash flows from investing activities Cash Flows from Financing Activities: