Problem 11-4A Prepare a statement of cash flows-indirect method (LO11-2, 11-3, 11-4, 11-5) The income statement, balance sheets, and additional information for Video Phones, Inc., are provided. VIDEO PHONES, INC. Balance Sheets December 31 20212020 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent $193,48078,800105,00010,320$127,84058,000133,0005,160 Long-term assets: Investments Land Equipment Accumulated depreciation Total assets 103,000208,000266,000(66,600)$898,0000236,000208,000(41,600)$726,400 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 $64,2005,80014,800281,000280,000252,200$898,000$79,0009,60013,800223,000280,000121,000$726,400 Required: Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note. (List cash outflows and any decrease in cash as negative amounts.)