The income statement, balance sheets, and additional information for Video Phones, Incorporated, are providec Additional Information for 2024 : 1. Purchased investment in bonds for $97,000. 2. Sold land for $14,800. The land originally was purchased for $22,000, resulting in a $7,200 loss being recorded at the time of the sale. 3. Purchased $52,000 in equipment by issuing a $52,000 long-term note payable to the seller. No cash was exchanged in the transaction. 4. Declared and paid a cash dividend of $21,000. VIDEO PHONES, INCORPORATED Statement of Cash Flows For the Year Ended December 31, 2024 \begin{tabular}{|l|l|l|} \hline Cash Flows from Operating Activities: & \\ \hline Cash received from customers & & \\ \hline Cash paid to suppliers & & \\ \hline Cash paid for interest & & \\ \hline Cash paid for income taxes & & \\ \hline Cash paid for operating expenses & & \\ \hline & & $ \\ \hline & & \\ \hline Net cash flows from operating activities & (97,000) & \\ \hline Cash Flows from Investing Activities: & & \\ \hline Purchase investment in bonds & & \\ \hline & & \\ \hline & & \\ \hline & (97,000) \\ \hline Net cash flows from investing activities & & \\ \hline Cash Flows from Financing Activities: & & \\ \hline Payment of cash dividends & & \\ \hline & & (21,000) \\ \hline \end{tabular} The income statement, balance sheets, and additional information for Video Phones, Incorporated, are providec Additional Information for 2024 : 1. Purchased investment in bonds for $97,000. 2. Sold land for $14,800. The land originally was purchased for $22,000, resulting in a $7,200 loss being recorded at the time of the sale. 3. Purchased $52,000 in equipment by issuing a $52,000 long-term note payable to the seller. No cash was exchanged in the transaction. 4. Declared and paid a cash dividend of $21,000. VIDEO PHONES, INCORPORATED Statement of Cash Flows For the Year Ended December 31, 2024 \begin{tabular}{|l|l|l|} \hline Cash Flows from Operating Activities: & \\ \hline Cash received from customers & & \\ \hline Cash paid to suppliers & & \\ \hline Cash paid for interest & & \\ \hline Cash paid for income taxes & & \\ \hline Cash paid for operating expenses & & \\ \hline & & $ \\ \hline & & \\ \hline Net cash flows from operating activities & (97,000) & \\ \hline Cash Flows from Investing Activities: & & \\ \hline Purchase investment in bonds & & \\ \hline & & \\ \hline & & \\ \hline & (97,000) \\ \hline Net cash flows from investing activities & & \\ \hline Cash Flows from Financing Activities: & & \\ \hline Payment of cash dividends & & \\ \hline & & (21,000) \\ \hline \end{tabular}