Problem 11-4A (Algo) Prepare a statement of cash flows-indirect method (LO11-2, 11-3, 11-4, 11-5) The income statement, batance sheets, and additional information for Video Phones, incorporated, are provided Additional informotion for 2024: 1. Purchased investment in bonds for $106,000 2 Sold land for $22,900. The land onginatly was purchased for $31,000, resutting in a $8,100 loss being recorded at the time of the sale Adaitionol intormation tor 2024 : 1. Purchased investment in bonds for $106,000. 2 Sold land for $22,900. The land originally was purchased for $31,000, resulting in a $8,100 loss being recorded at the time of the sale. 3. Purchased $61,000 in equipment by issuing a $61,000 long-term note payable to the seller. No cash was exchanged in the transaction. 4. Declared and paid a cash dividend of $25,500. 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.) VIDEO PHONES, INCORPORATED Statement of Cash Flows For the Year Ended December 31, 2024