1. Purchased investment in bonds for $103,000 2. Sold land for $20,200. The land originally was purchased for $28,000, resulting in a $7,800 loss being recorded at the time of the sale 3. Purchased $58,000 in equipment by issuing a $58,000 long-term note payable to the seller. No cash was exchanged in the tuansaction. Deciared and peid a cash divicend of $24,000 Requlred: Prepore the statement of cosh flows for Video Phones, incorporoted, using the drect method Disclose any noncosh transoctions in an occompanying note. (Amounts to be deducted, cash outfiows, end any decreese In cash should be Indicated with o minus sign.) 1. Purchased investment in bonds for $103,000 2. Sold land for $20,200. The land originally was purchased for $28,000, resulting in a $7,800 loss being recorded at the time of the sale 3. Purchased $58,000 in equipment by issuing a $58,000 long-term note payable to the seller. No cash was exchanged in the tuansaction. Deciared and peid a cash divicend of $24,000 Requlred: Prepore the statement of cosh flows for Video Phones, incorporoted, using the drect method Disclose any noncosh transoctions in an occompanying note. (Amounts to be deducted, cash outfiows, end any decreese In cash should be Indicated with o minus sign.)