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The income statement, balance sheets, and additional information for Virtual Gaming Systems are provided Ealance sheets oecenber 31 Additionat informetion for 2024: 1. Purchased addional
The income statement, balance sheets, and additional information for Virtual Gaming Systems are provided Ealance sheets oecenber 31 Additionat informetion for 2024: 1. Purchased addional investment in stocks for 595.000. 2. Sold land for 562.000. The Iand originally was purchased for $55.000 resuling in a 57000 gain being recorded at the time tof the sole. 3. Purchased $30,000 in equipment by issuing a $30.000 iong-tem note payable to the seiler No cash wes exchanged in the transaction 4. Declared and paid a cash dividend of $120,000. 5. Issued common stock for $50,000. Required: Prepare the statement of cash fiows using the indirecr method. Disclose any noncash transactions in an accompanying note. (Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.) FINAL FINACCT EXAMCUMIAATINE Net canh flows from inveritiog acivbes Cach Flows trotn Financing Avtivities
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