The income statement, balance sheet, and additional anformation for Vistua! Ganing Systems are providod Revenues Gain on sale of land 2,700,000 2,500 2.702,500 Total revenues Expenses Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense 3 1.660,000 607,000 24,000 24,500 70,700 Total expenses 2.386,200 Net income $ 316,300 VIRTUAL GAMING SYSTEMS Balance Sheet December 31 2019 2020 Assets Current assets: $ 148,000 100,000 138,000 6,600 $346,500 78,000 146,000 4,700 Cash Accounts receivable Inventory Prepaid rent Assets Cash 346 50 Inventory Prepait rent 146,000 4,700 138 ,0 600 Long tem assets 109,000 140,000 270,000 Land Accumulated depreciation Total assets 216,000 231,000 (130,000) 210,000 (106,000) 1,081,200 906 ,600 Liabilities and Stockholders' Equity Current liabilities Accounts payable 34,000 4,800 21,000 94,000 Interest payablke 2,500 Income tax payabke Notes payable Common stock 30,000 233,000 220,000 Long-term liabilities 254,000 Stockholders' equity 274,000 493,400 327,100 Retained earnings $906,600 1,081,200 Total liabilities and stockholders' equity Additional Information for 2020 1. Purchase additional investment in stocks for $49,000 2 Sell land costing $54,000 for $56,500, resulting in a $2,500 gain on sale of land 3. Purchase $21,000 in equipment by borrowing $21,000 with a note payable due in three years. No cash is exchanged in the transaction. 4. Declare and pay a cash dividend of $150,000 5. Issue common stock for $54,000 34 ''KU) 4,800 21,000 Notes paayable 24 ,000 equity Common stoc k 220,1000 .100 274 00 earning5 493,400 Total liabilities and stockholders, oquity 1,0.200 1 13906800/ Additional Information for 2020: . Purchase additional investment in stocks for $49,000 2. Sell land costing $54,000 for $56,500, resulting in a $2,500 gain on sale of land 3. Purchase $21,000 in equipment by borrowing $21,000 with a note payable due in three years. No cash is exchanged rn the transaction 4. Declare and pay a cash dividend of $150,000 5. Issue common stock for $54,000 Please prepare statement of cash flows and answer the following questions What is the net cash flows from operating activities? What is the net cash flows from investing activities? What is the net cash flows from financing activities? What is the net cash flows from noncash activities