The income statement, balance sheets, and additional information for Video Phones, Incorporated, are provided. Additional Information for 2024: 2. 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 1. Purchased investment in bonds for $115,000 3. Purchased $70,000 in equipment by issuing a $70,000 long-term note payable to the seller. No cash was exchanged in the sale. transaction 4. Deciared and paid a cash dividend of $30,000. Required: Prepare the statement of cash flows using the indirect method. Disciose any noncash transactions in an accompanying note. (Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.)