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Problem 11-4B (Algo) 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 Virtual Gaming

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Problem 11-4B (Algo) 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 Virtual Gaming Systems are provided Additional Informotion for 2024: 1. Purchased additionat investinent in stocks for $88,000. 2. Sold land for $55,000 The land originally was purchased for $51,500, resulting in a $3.500 gain being recorded at the time of the sale 3. Furchased $23,000in equipment by tssutng a $23.000 tong term note payable to the seller No east was exchanged in the transaction. 4. Declared and paid a cash dividend of $113,000 5 . Iswued common stock for $53,000 Required: Prepare the statement of cash flows using the indirect method. Disclose any noncash transactuons in an accomparying nofe (Amounts to be deducted, cesh outflows, and any decreose in cosh should be indicoted with a minus sign.)

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