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

The income statement, balance sheets, and additional information for Video Phones, Incorporated, are provided.
Additional Information for 2024:
Purchased investment in bonds for $104,000.
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.
Purchased $59,000 in equipment by issuing a $59,000 long-term note payable to the seller. No cash was exchanged in the transaction.
Declared and paid a cash dividend of $24,500.
Prepare the statement of cash flows for video phones Inc. using the direct method disclose any non-cash transactions in accompanying role.
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