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.$)$