1 Purchase additional investment in stocks for 581000 2 Sell and conting $48.000 for $54000, resulting in a $6.000 gain on sale of land 3. Purchase $16.000 in equipment by issuing a $15.000 long term note payable to the selec No cash is exchanged in the transaction 4 Declare and pay a cash dividend of $106.000 5.Issue common stock for $46000 Required: Prepare the statement of cash flows using the Indirect method. Disclose any noncash transactions in an accompanying note fisch outflows and any decrease in cash as negative amounts.) VIRTUAL GAMING SYSTEMS Statement of Cash Flow For the Year Ended December 31, 2011 Cash Flows tom pering Net income 180.000