The income statement, balance sheets, and additional information for Cloud Mangu are provided.

CLOUD MANGU
Income Statement
For the Year Ended December 31, 2024
Net sales		$ 2,636,000
Expenses:
Cost of goods sold	$ 1,600,000
Operating expenses	788,000
Depreciation expense	20,000
Loss on sale of land	7,300
Interest expense	11,500
Income tax expense	41,000
Total expenses		2,467,800
Net income		$ 168,200

CLOUD MANGU
Balance Sheets
December 31
	2024	2023
Assets
Current assets:
Cash	$ 159,180	$ 85,940
Accounts receivable	73,300	53,000
Inventory	105,000	128,000
Prepaid rent	9,120	4,560
Long-term assets:
Investments	98,000	0
Land	203,000	226,000
Equipment	256,000	203,000
Accumulated depreciation	(60,600)	(40,600)
Total assets	$ 843,000	$ 659,900
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 59,700	$ 74,000
Interest payable	5,300	8,600
Income tax payable	14,300	13,300
Long-term liabilities:
Notes payable	271,000	218,000
Stockholders' equity:
Common stock	230,000	230,000
Retained earnings	262,700	116,000
Total liabilities and stockholders equity	$ 843,000	$ 659,900

Additional Information for 2024:

1. Purchased investment in bonds for $98,000.
2. Sold land for $15,700. The land originally was purchased for $23,000, resulting in a $7,300 loss being recorded at the time of the sale.
3. Purchased $53,000 in equipment by issuing a $53,000 long-term note payable to the seller. No cash was exchanged in the transaction.
4. Declared and paid a cash dividend of $21,500.

Required:

Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note.

Note: Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.