The income statement, balance sheets, and additionai informat on for Video Phones, incorporated, are provided. muntubiot intormotion ror 2024: 1. Purchased investment in bonds for $115.000 2. Sold land for $31,000. The land originaly wos purchased for $40,000, resulting in a $9.000 loss being recorded at the time sale. 3. Purchased $70,000 in equipment by issuing a $70,000 long-term note payable to the sellet No cash was exchanged in the transaction: 4. Declared and paid a cash dividend of $30,000. 2. Sold iand for 531,000 . The land originally was purchased for 540,000 , resulting in a $9,000 loss being recorded at the tinte of th sale. 3. Puichased $70,000 in equlpment by issuing a $70,000 iong-term note payable to the seller. No cash was exchanged in the transaction. 4. Deciared and paid a cash divend of $30,000 Requlred: Prepare the statement of cash fiows using the indirect method. Disciobe any noncash transactions in an accompanying note (Amounts to be deducted, cash outfiows, and ony decreose in cash should be Indleoted with a minus sign.)