he income statement, balance sheets, and additional information for Cloud Mangu are provided. December 31 20242023 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investments Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings $260,880 89,800 211,040 68,000 105,000143,000 13,9206,960 \begin{tabular}{rr} 113,000 & 0 \\ 218,000 & 256,000 \\ 286,000 & 218,000 \\ (78,600) & (43,600) \\ \hline$ & $ \\ 1,008,000 & 859,400 \\ \hline \hline \end{tabular} $73,200$89,000 6,80011,600 15,80014,800 301,000233,000 380,000380,000 231,200131,000 Total liabilities and stockholders' equity 1,008,000859,400 Additional Information for 2024 : 1. Purchased investment in bonds for $113,000. 2. Sold land for $29,200. The land originally was purchased for $38,000, resulting in a $8,800 loss being recorded at the time of the sale. 3. Purchased $68,000 in equipment by issuing a $68,000 long-term note payable to the seller. No cash was exchanged in the transaction. 4. Declared and paid a cash dividend of $29,000. Required: Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note. Note: Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign