please help! (all part of one question)

The income statement, balance sheets, and additional Information for Virtual Gaming Systems are provided. X 00:40:51 $2,470,000 5,500 2, 475,500 VIRTUAL GAMING SYSTEMS Income Statement For the Year Ended December 31, 2021 Net sales Gain on sale of land Total revenues Expenses Cost of goods sold $1,585,000 Operating expenses 602.000 Depreciation expense 20,000 Interest expense 21,000 Income tax expense 67.000 Total expenses Net income Skipped 2,295,000 $ 180,500 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2021 2020 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent tong-term assets Investments (8 00:40:20 $ 158,680 72,300 140,500 3, 220 $ 101.660 87,000 132,000 5,040 Skipped 192,000 208,500 224.000 (123,500 $ 875, 700 110,000 257.000 207.000 (103,500) 796, 200 $ 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 Total liabilities and stockholders' equity $ 28,500 3,900 27,800 85,000 2,700 30,500 255,000 238,000 317.000 203,500 $ 875, 700 270,000 170,000 $ 796,200 Additional Information for 2021: 1. Purchase additional investment in stocks for $82,000. 2. Sell land costing $48,500 for $54,000, resulting in a $5,500 gain on sale of land. 3. Purchase $17,000 in equipment by issuing a $17,000 long-term note payable to the seller. No cash is exchanged in the transaction 4. Declare and pay a cash dividend of $107.000 5. Issue common stock for $47.000 Required: Prepare the statement of cash flows for Virtual Gaming Systems using the direct method Disclose any noncash transactions in an accompanying note. (List cash outflows and any decrease in cash as negative amounts.) VIRTUAL GAMING SYSTEMS Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities: 00:3950 Skipped Net cash flows from operating activities Cash Flows from Investing Activities: Net cash flows from investing activities Cash Flows from Financing Activities: Not cash flows from financing activities Cash at the beginning of the period Cash at the end of the period Note: Noncash Activities