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The income statement, balance sheets, and additional information for Virtual Gaming Systems are pr Additional Information for 2024: 1. Purchased additional investment in stocks for $89,000. 2. Sold land for $56,000. The land originally was purchased for $52,000, resulting in a $4,000 gain being recorded at the time of the sale. 3. Purchased $24,000 in equipment by issuing a $24,000 long-term note payable to the seller. No cash was exchanged in the transaction. 4. Declared and paid a cash dividend of $114,000. 5. Issued common stock for $54,000. 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.) VIRTUAL GAMING SYSTEMS Statement of Cash Flows Cash Flows from Operating Activities: 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 5 Cash Flows from Investing Activities: Net cash flows from investing activities Cash Flows from Financing Activities: Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period Note: Noncash Activities