Current liabilities:

Accounts payable

Interest payable

Income tax payable

Long$-$term liabilities:

Notes payable

Stockholders $\text{'}$ equity:

Common stock

Retained earnings

Total liabilities and stockholders' equity

$\backslash$table$[[$$$74,100,$$$90,000$

Additional Information for $2024$ :

Purchased investment in bonds for $$114,000.$

$2$ Sold land for $$30,100.$ The land originally was purchased for $$39,000,$ resulting in a $$8,900$ loss being recorded at the time of the sale.

Purchased $$69,000$ in equipment by issuing a $$69,000$ long$-$term note payable to the seller. No cash was exchanged in the transaction.

Declared and pald a cash dividend of $$29,500.$

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.$)$

$\backslash$table$[[$VIDEO PHONES, INCORPORATED$],[$Statement of Cash Flows$],[$For the Year Ended December $31,2024],[$Cash Flows from Operating Activities:$],[,],[,],[\{$

$\backslash$table$[[,],[,],[,\backslash$table$[[,],[,],[,],[\{$

$\backslash$table$[[,],[,],[\{$

$\backslash$table$[[$Net cash flows from operating activities$]]\}],[],[],[\backslash$table$[[$Net cash fows from operating activities$],[$Crch Elourc from$]],$$