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The income statement, balance sheets, and additional information for Video Phones, Incorporated, are provided. Additlonel Informetion for 2 0 2 4 : Purchased investment in

The income statement, balance sheets, and additional information for Video Phones, Incorporated, are provided.
Additlonel Informetion for 2024:
Purchased investment in bonds for $115,000
Sold land for $31,000. The land originally was purchased for $40,000, resulting in a $9,000 loss being recorded at the time of the sale.
Purchased $70,000 in equipment by issuing a $70,000 long-term note payable to the seller. No cash was exchanged in the transaction.
Declared and paid a cash dividend of $30,000.
Requlred:
Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note (Amounts to be deducted, cesh outflows, and ony decrease In cash should be indlcated with o minus sign.)
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