Question: can you please help me? Problem 11-4A Prepare a statement of cash flows-indirect method (LO11-2, 11-3, 11-4, 11-5) The Income statement, balance sheets, and additional

can you please help me?  can you please help me? Problem 11-4A Prepare a statement of
cash flows-indirect method (LO11-2, 11-3, 11-4, 11-5) The Income statement, balance sheets,

Problem 11-4A Prepare a statement of cash flows-indirect method (LO11-2, 11-3, 11-4, 11-5) The Income statement, balance sheets, and additional Information for Video Phones, Inc., are provided. 53, 336,000 VIDEO PHONES, INC. Income statement For the Year Ended December 31, 2021 Net sales Expenses: Cost of goods sold $2,150,000 Operating expenses 898,eee Depreciation expense 31,eee Loss on sale of land 8,400 Interest expense 17,000 Income tax expense 52,eee Total expenses Net incone 3,156,400 $ 179,600 VIDEO PHONES, INC. Balance Sheets December 31 2021 2020 $ 273,440 85,400 105,000 12,960 $177,52e 64,000 139,000 6,480 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investments Land Equipment Accumulated depreciation Total assets Liabilities and stockholders' Equity current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity! Connon stock Retained earnings Total liabilities and stockholders' equity 109,000 214,000 278,eee 73,800) $1,004,000 248, eee 214, eee (42,800) $806, 200 $ 69,600 6,400 15,400 $ 85,00 10,000 14,400 229,000 293,000 340,000 279.600 $1,000,000 340,000 127.000 $806,200 Additional Information for 2021: 1. Purchase investment in bonds for $109,000 2. Sell and costing $34,000 for only $25,000, resulting in a $8,400 loss on sale or land 3. Purchase 564,000 in equipment by issuing a $64.000 long term note payable to the seller No cash is exchanged in the transaction A PARA A in

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