The income statement, balance sheets, and additional information for Video Phones, Incorporated, are provided VIDEO PHORES, IMCORSORATED Balance sheets Decentier 31 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Lone-tern assets: Irvesiaents Land Equipment Accumulated depreciotion Total assets Liabilities and stockholders" Equity current liabilitiest Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders" equity? Comwon stock. Retained earnings Total liabilities and stockholders' equity Additional information for 2024 : 1. Purchased investment in bonds for $102,000 2 Sold land for $19,300. The land originally was purchased for $27,000, resulting in a $7700 loss being recorded at the time of the sale 3. Purchased $57,000 in equipment by issuing a $57,000 lang-erm note payable to the seller. No cash was exchanged in the transaction 4. Declared and paid a cash dividend of $23,500 Required: Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an occompanying note (Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with o minus sign.)