Prepare the statement of cash flows for Cloud Mangu using the direct method. Disclose any noncash transactions in an accompanying note.The income statement, balance sheets, and additional information for Cloud Mangu are provided.

Additional Information for $2024$:

Purchased investment in bonds for $$97,000.$

Sold land for $$14,800.$ The land originally was purchased for $$22,000,$ resulting in a $$7,200$ loss being recorded at the time of the

sale.

Purchased $$52,000$ in equipment by issuing a $$52,000$ long$-$term note payable to the seller. No cash was exchanged in the

transaction.

Declared and paid a cash dividend of $$21,000.$

Required:

Prepare the statement of cash flows for Cloud Mangu using the direct method. Disclose any noncash transactions in an accompanying

note.

Note: Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.