I could not fit all of the problem in one picture, so multiple pics are provided below. thank you!

Help Save 2 Problem 11-7A Calculate operating activities--direct method (LO11-4, 11-5, 11-7) The income statement, balance sheets, and additional information for Video Phones, Inc., are provided. ts ipped VIDEO PHONS, INC. Income Statement For the Year Ended December 31, 2021 Net sales $3,636,000 Expenses Coat of goods sold $2,450,000 Operating expenses 958,000 Depreciation expense 37,000 Los on sale of land 9,000 Interest expense 20,000 Income tax expense 58,000 Total expenses 3,532,000 Net income $ 104,000 Book Ask erences VIDEO PHONES, INC. Balance Sheets December 31 2021 2020 $ 254,600 92,000 105,000 14,400 5227,800 70,000 145,000 7.200 Assets Current assets Canh Accounts receivable Inventory Prepaid rent Long-term assets: Investments Land Equipment Accumulated depreciation Total asseto Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable 115,000 220,000 290,000 181,000) $1.010,000 0 260.000 220,000 444,000) $886,000 S 75,000 7.000 16,000 $91.000 12.000 15,000 Next 2 of 2