Additional Information for 2024: 1. Purchased additional investment in stocks for $88,000 2 Sold land for $55,000. The land originaly was purchased for $51,500, resulting in a $3,500 gain being recorded at the time of the sale. 3 Purchased 523,000 in equlpment by trsulng a 523,000 long torm note payable to the seller No cash was exchanged in the transaction: 4. Dectared and paid a cash dividend of $113,000. 5 . issued common stock for $53.000. Required: Prepare the statement of cash flows for Peterson incorporated using the direct method. Disciose any noncash transactions in an accornpartying note. (Amounts to be deducted, cesh outflows, and any decreose in cosh should be indicoted with a minus sign.) Additional Information for 2024 : \begin{tabular}{|l|l|} \hline Net cash flows from operating activities \\ \hline Cash Flows from Investing Activities: \\ \hline Net cash flows from investing activities \\ \hline Cash Flows from Financing Activities: \\ \hline Cash at the beginning of the period \\ \hline Cash at the end of the period \\ \hline Net cash flows from financing activities \\ \hline \end{tabular} The income statement, balance sheets, and additional information for Peterson Incorporated are provided