The income statement, balance sheets, and additional information for Video Phones, Incorporated, are provided. Additional Information for 2024: 1. Purchased investment in bonds for $110,000. 2. Sold land for $26,500. The land originally was purchased for $35,000, resulting in a $8,500 loss being recorded at the time of the sale. 3. Purchased $65,000 in equipment by issuing a $65,000 long-term note payable to the seller. No cash was exchanged in the transaction. 4. Declared and paid a cash dividend of $27,500. VIDEO PHONES, INCONPORATED Statement of Cazh Flews For the Year Ended December 31, 2024 Cash Flows from Operating Activities: Adjustments to roconcile net incorne to net cash flows from operating activies