The income statement, balance sheets, and additional information for Video Phones, Inc, are provided. Additional Information for 2021: 1. Purchase investment in bonds for $113,000. 2. Sell land costing $38,000 for only $29,200, resutting in a $8,800 loss on sale of land. 3. Purchase $68,000 in equipment by issuing a $68,000 long-term note payable to the seller. No cash is exchanged in the transaction. 4. Declare and pay a cash dividend of $29,000. Required: Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note. (List cash putflows and any decrease in cash as negative amounts.) VDEO PHONES, INC. Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities: Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities Cash Flows from Investing Activities: Net cash flows from investing activities Cash Flows from Financing Activities: Net cash flows from financing activities Cash at the beginring of the period Cash at the end of the period Nate: Noncash Activities The income statement, balance sheets, and additional information for Video Phones, Inc, are provided. Additional Information for 2021: 1. Purchase investment in bonds for $113,000. 2. Sell land costing $38,000 for only $29,200, resutting in a $8,800 loss on sale of land. 3. Purchase $68,000 in equipment by issuing a $68,000 long-term note payable to the seller. No cash is exchanged in the transaction. 4. Declare and pay a cash dividend of $29,000. Required: Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note. (List cash putflows and any decrease in cash as negative amounts.) VDEO PHONES, INC. Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities: Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities Cash Flows from Investing Activities: Net cash flows from investing activities Cash Flows from Financing Activities: Net cash flows from financing activities Cash at the beginring of the period Cash at the end of the period Nate: Noncash Activities