The income statement, balance sheets, and additional information for Peterson Incorporated are provided.

Additional Information for $2024$

Purchased additional investment in stocks for $$76,000.$

Sold land for $$53,000.$ The land originally was purchased for $$45,500,$ resulting in a $$7\mathrm{.}500$ gain being recorded at the time of the sale.

Purchased $$11,000$ in equipment by issuing a $$11,000$ long$-$term note payable to the seller. No cash was exchanged in the transaction.

Declared and paid a cash dividend of $$101,000.$

Issued common stock for $$41,000.$

Requlred:

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

$($Amounts to be deducted, cash outflows, and any decrease In cash should be Indlcated with a minus sign.$)$