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

Additlonal Informatlon for $2024$:

Purchased additional investment in stocks for $$90,000.$

Sold land for $$57,000.$ The land originally was purchased for $$52,500,$ resulting in a $$4\mathrm{.}500$ gain being recorded at the time of the sale.

Purchased $$25,000$ in equipment by issuing a $$25\mathrm{.}000$ long$-$term note payable to the seller. No cash was exchanged in the transaction.

Declared and paid a cash dividend of $$115,000.$

Issued common stock for $$55,000.$

Requlred:

Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note. $($Amounts to be deducted, cosh outflows, and any decrease In cash should be Indlcated with a minus sign.$)$