The income statement, balance sheets, and additional information for Virtual Gaming Systems are provided VIRTUAL CARE come statement For the Yearded 31, 2021 Net sales 32.490,00 Gain on sale of land 3.500 Total Tv 2,695,500 Espeses Contot good old 51.585.000 Operating 302.000 Depreciation 20,000 THERE 21.00 Tecome tax expense 67.000 Total expens Net noen 180.500 VENTOS GANGSTE 201 M CUTTON Ceas core Twentory repaid tata Ivetats 150. 2.300 140.00 3.220 101.6 7.000 132,000 13,00 30,500 224.000 112.00 110.000 209.099 Amated del Total SO 1 - & 7 2 3 5 8 W E R. Y 0 S D F G H L 2021 2029 101, LCD 132,000 5,040 Assets Curtea Cash Accounts receivable Inventory repaidat Long-tar sati Then quent Acescalated depreciation Total aasta Liabilities and stockholders' Equity Current Accounts payable Interest payable Income tax payable Long-term liabilitimi Notes payable Stockholdersity Como stock etdi Total abilities and stockholdere quity 315,60 12.30 100,500 3,220 392,000 200.500 >24.000 (323.500 5.135.100 110.000 257.000 207.000 103.500 $1,200 5 38.500 15.000 3.900 13,706 22.00 317,000 245.500 5 875.00 270,000 120.000 $195,200 Additional Information for 2021 1 Purchase additional investment in stocks for $82.000 2. Sell and costing $48.500 for $54.000, resulting in a $5.500 gain on sale of land 3. Purchase $12.000 in equipment byssuing a $17.000 long-term note payable to the selle No cash is exchanged in the transaction 4. Decare and pay a cash dividend of $107000 5. Issue common stock for $47000 DOG 11 TE * $ 4 2 % 5 3 7 8 W E R U O P S D F G H Required: Prepare the statement of cash flows for Virtual Gaming Systems using the direct method. Disclose any noncash transactions in an accompanying note. (List cash outflows and any decrease in cash as negative amounts) Cash Flows from Operating Activities Decrease in accorreceivable Net cash flows from operating activities Cash Flows from investing Activities $ O Net cash flows from investing activities Cash Flows from Financing Activities df test 3 sigora (1).pdf Test 3 getra.pdf wrence od 00 $ 4 % 5 & 7 2 3 6 8 9 W R. T Y The income statement, balance sheets, and additional information for Virtual Gaming Systems are provided VIRTUAL CARE come statement For the Yearded 31, 2021 Net sales 32.490,00 Gain on sale of land 3.500 Total Tv 2,695,500 Espeses Contot good old 51.585.000 Operating 302.000 Depreciation 20,000 THERE 21.00 Tecome tax expense 67.000 Total expens Net noen 180.500 VENTOS GANGSTE 201 M CUTTON Ceas core Twentory repaid tata Ivetats 150. 2.300 140.00 3.220 101.6 7.000 132,000 13,00 30,500 224.000 112.00 110.000 209.099 Amated del Total SO 1 - & 7 2 3 5 8 W E R. Y 0 S D F G H L 2021 2029 101, LCD 132,000 5,040 Assets Curtea Cash Accounts receivable Inventory repaidat Long-tar sati Then quent Acescalated depreciation Total aasta Liabilities and stockholders' Equity Current Accounts payable Interest payable Income tax payable Long-term liabilitimi Notes payable Stockholdersity Como stock etdi Total abilities and stockholdere quity 315,60 12.30 100,500 3,220 392,000 200.500 >24.000 (323.500 5.135.100 110.000 257.000 207.000 103.500 $1,200 5 38.500 15.000 3.900 13,706 22.00 317,000 245.500 5 875.00 270,000 120.000 $195,200 Additional Information for 2021 1 Purchase additional investment in stocks for $82.000 2. Sell and costing $48.500 for $54.000, resulting in a $5.500 gain on sale of land 3. Purchase $12.000 in equipment byssuing a $17.000 long-term note payable to the selle No cash is exchanged in the transaction 4. Decare and pay a cash dividend of $107000 5. Issue common stock for $47000 DOG 11 TE * $ 4 2 % 5 3 7 8 W E R U O P S D F G H Required: Prepare the statement of cash flows for Virtual Gaming Systems using the direct method. Disclose any noncash transactions in an accompanying note. (List cash outflows and any decrease in cash as negative amounts) Cash Flows from Operating Activities Decrease in accorreceivable Net cash flows from operating activities Cash Flows from investing Activities $ O Net cash flows from investing activities Cash Flows from Financing Activities df test 3 sigora (1).pdf Test 3 getra.pdf wrence od 00 $ 4 % 5 & 7 2 3 6 8 9 W R. T Y