calculations needed for the operating activities, thank you!

The income statement, balance sheets, and additional information for Video Phones, Inc., are provided. $3,586,800 VIDEO PHONES, INC. income Statement For the Year Ended December 31, 2021 Net sales Expenses Cost of goods sold $2,400,000 Operating expenses 948,800 Depreciation expense 36, Loss on sale of land 8,900 Interest expense 19,500 Income tax expense 57.000 Total expenses Net income 3,469,400 $116,600 VIDEO PHONES, INC Balance Sheets December 31 2021 2020 Assets Current assetst Cash Accounts receivable Inventory Prepaid rent Long-tern assets Investments Land Equipment Accumulated depreciation $ 257,740 90,900 105,eee 14,162 $299,420 69.ee 144,00 7.se 114,000 219,000 288,000 (79,800 $1,009,000 258,000 219,000 (43,300) 5872,700 Total assets $ 590,000 74,100 6,900 15,90 11,0 14,900 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity 303,000 234,000 390,000 219, 100 $1,099, eee 39,800 132.000 $872,70 Additional Information for 2021: 1. Purchase investment in bonds for $114,000. 2. Sell and costing $39,000 for only $30,100, resulting in a 58.900 loss on sale of land, 3. Purchase 559,000 in equipment by Issuing a $69,000 long-term note payable to the seller. No cash is exchanged in the transaction 4. Declore and pay a cash dividend of $29,500 Required: Prepare the statement of cash flows for Video Phones, Inc., using the direct method. Disclose any noncash transactions in an accompanying note. (List cash outflows and any decrease in cash as negative amounts) Total liabilities and stockholders equity $1,009,000 5872,700 Additional Information for 2021 1. Purchase investment in bonds for $114,000. 2. Sell land costing $39.000 for only $30,100, resulting in a $8.900 loss on sale of land. 3. Purchase $69,000 in equipment by issuing a $69,000 long-term note payable to the seller. No cash is exchanged in the transact 4. Declare and pay a cash dividend of $29,500. Required: Prepare the statement of cash flows for Video Phones, Inc., using the direct method. Disclose any noncash transactions in an accompanying note. (List cash outflows and any decrease in cash as negative amounts.) Answer is complete but not entirely correct. VIDEO PHONES, INC Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities Cash received from customers $ 3,564,100 Cash paid to suppliers 2.376.900 Cash paid for operating expenses 955.080 Cash paid for interest 14,600 Cash paid for income taxes 65,000 Net cash flows from operating activities Cash Flows from Investing Activities Purchase investment in bonds 5 6,975 680 Proceeds from sale of land (114000) 30,100 (63,900) Net cash flows from investing activities Cash Flows from Financing Activities Payment of cash dividends (29,500) Net cash flows from financing activities Net increase in cash 129,500) 38,320 219 420 Cash at the beginning of the period Cash at the end of the period Note: Noncash Activities Purchase equipment issuing a note payable $ 257 740 5 69 000