DeVry Student Portal | Home X Week 7: Homework X M McGraw Hill - Connect X M Question 4 - Week 7: Homew X Course Hero X + V X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%... Week 7: Homework Help Save & Exit Submit Chuck my work 4 Additional Information for 2021: 20 1. Purchase Investment In bonds for $104,000. 2. Sell land costing $29,000 for only $21,100, resulting In a $7,900 loss on sale of lane. 3. Purchase $59,000 in equipment by Issuing a $59.000 long-term note payable to the seller. No cash Is exchanged In the transaction. 4. Declare and pay s cash dividend of $24,500. 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. VIDEO PHONES, INC. Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to not cash flows from operating activities: Not cash flows from operating activities Cash Flows from Investing Activities: Not cash flows from investing activities Cash Flows from Financing Activities: Not cash flows from financing activities Cash at the beginning of the period Cash at the and of the period Note: Noncash Activities 4 = 4 Next > B2 F Mostly sunny Q Search a T 7:43 PM 6/24/2023 10