Additional Information for $2024$:

Purchased investment in bonds for $$110,000.$

Sold land for $$26,500.$ The land originally was purchased for $$35,000,$ resulting in a $$8,500$ loss being recorded at the time of the sale.

Purchased $$65,000$ in equipment by issuing a $$65,000$ long$-$term note payable to the seller. No cash was exchanged in the transaction.

Declared and paid a cash dividend of $$27,500.$

Required:

Prepare the statement of cash flows for Video Phones, Incorporated, using the direct 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.$)$

$\backslash$table$[[$VIDEO PHONES, INCORPORATED,$],[$Statement of Cash Flows,$],[$For the Year Ended December $31,2024,,],[,,],[,,],[,,],[,,],[$Net cash flows from operating activities,,$],[$Cash Flows from Investing Activities:,,$],[,,],[,,]]$