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The income statement, balance sheets, and additional information for Video Phones, Incorporated, are provided, Additional Information for 2024: 1 Purchased investment in bonds for $104,000

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The income statement, balance sheets, and additional information for Video Phones, Incorporated, are provided, Additional Information for 2024: 1 Purchased investment in bonds for $104,000 2 Sold land for $21,100. The land originally was purchased for $29,000, resulting in a $7,900 loss being recorded at the time of the sale. 3. Purchased $59,000 in equipment by issuing a $59,000 long-term note payable to the seller No cash was exchanged in the transaction. 4. Declated and paid a cash dividend of $24.500 Required: Prepare the statement of cash flows usina the indirect methnd. Dicclose amu nnnrach trancartinnc in an arrompanying note. \begin{tabular}{|l|l|} \hline \\ \hline Net cash flows from operating activities & \\ \hline & \\ \hline \end{tabular}

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