this is accounting question.

pls check it for me. thank you so much

Statement of Cash Flows $ The income statement, balance sheets, and additional information for Vioja Tele Ltd. are provided below: VIOJA TELE INC Income Statement For the year ended December 31, 2020 Net Sales $ 2,520,000 Cost of goods sold 1,746,000 Gross Profit 774,000 Operating Expenses Depreciation expense 87,000 Other operating expenses 237,000 Operating Income 450,000 Gains and Losses Gain on sale of land 11,700 Loss on sale of equipment (8,360) Net Income $ 453,340 VIOJA TELE INC Balance Sheets December 31 2020 2019 192.780 66,900 131,500 2,860 66.780 81,000 126,000 4,320 Assets Current assets Cash Accounts receivable Inventory Prepaid rent Non-Curret assets Land Equipment Accumulated depreciation - Equipment Total assets Liabilities & Stockholders' Equity Current Liabilities Accounts payable Interest payable Income tax payable Long-term Liabilities Notes payable Stockholders' Equity Common Stock 117,000 508,200 (84,700) 934,540 200,000 346,000 (100,500) 723,600 25,500 3,300 31,400 79,000 2,100 33,500 153,000 193,000 70.000 60.000 Additional paid-in capital Retained earnings Total Liabilities & Stockholders' Equity 349,340 934,540 146,000 723,600 ADDITIONAL INFORMATION: 1 The company sold land for a gain of $11,700. No other land transaction occurred during the period 2 The company sold a piece of equipment with an original cost of $122,800 for a loss of $8,360. The company also purchased new equipment. The cost of the new equipment was financed by a $50,000 long-term note and the balance was paid with cash. 3 Common stock was issued for cash. 4 The only changes affecting retained earnings are net income and cash dividends paid. Required: Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note. List cash outflows and any decrease in cash as negative amounts.) VIOJA TELE INC Statement of Cash Flows VIOJA TELE INC Statement of Cash Flows For the year ended December 31, 2020 $ 453,340 CASH FLOWS FROM OPERATING ACTIVITIES Net Income ADJUSTMENTS TO RECONCILE NET INCOME: Depreciation Expense Loss on sale of equipment Gain on sale of land Decrease in accounts receivable increase in inventory Decrease in prepaid rent Decrease in accounts payable increase in interest payable Decrease in income tax payable 87,000 8,360 (11,700) 14,100 (5,500) 1,460 (53,500) 1,200 (2,100) 492,660 CASH FLOWS FROM INVESTING ACTIVITIES Gain on sale of land Cash paid for equipment Cash received from sale of equipment 94,700 (235,000) 11,640 (128,660) CASH FLOWS FROM INVESTING ACTIVITIES Gain on sale of land Cash paid for equipment Cash received from sale of equipment 94,700 (235,000) 11,640 (128,660) CASH FLOWS FROM FINANCING ACTIVITIES Cash paid for long-term notes Cash received from issuance of stock Cash paid for dividends (40,000) 52,000 (250,000) Nincrease in Cash & Cash Equivalents Cash at the beginning of the period Cash at the end of the period (238,000) 126,000 66,780 192,780 DISCLOSURE NOTE: The company purchased equipment costing $285,000 by financing $50,000 of the cost with a long-term