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the first three pictures are information needed to answer the question in the next two pictures The income statement, balance sheets, and additional information for
the first three pictures are information needed to answer the question in the next two pictures The income statement, balance sheets, and additional information for Video Phones, Incorporated, are provided. Balance Sheets December 31 2024 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investments Land 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 Additional Information for 2024: 1. Purchased investment in bonds for $11,000. 2. Sold tond for $27,400. The land originally was purchased for $36,000, resuting in a $8,600 loss being recorded at the time of the sale 3. Purchased $66,000 in equipment by issuing a $66,000 long-term note poyable to the sellec No cash was exchanged in the transoction. 4. Declared and paid a cash dividend of $28,000 VIEO PHONES, INCORPORATED Statement of Cash Flows For the Year Ended December 31, 2024 Cash Flows from Operating Activities: Adjustments to reconcile net income to net cash flows from operating activities: \begin{tabular}{|l|l|l|} \hline \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Net cash flows from operating activities Cash Flows from Investing Activities: Net cash flows from investing activities Cash Flows from Financing Activities: \begin{tabular}{|c|c|c|} \hline Net cash flows from financing activities & & \\ \hline Cash at the beginning of the period & \\ \hline Cash at the end of the period & & \\ \hline Note: Noncash Activities & & \\ \hline \end{tabular}
the first three pictures are information needed to answer the question in the next two pictures
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