Problem $11-4$A $($Algo$)$ Prepare a statement of cash flows$-$indirect method $($LO$11-2,11-3,11-4,11-5)$

The income statement, balance sheets, and additional information for Video Phones, Incorporated, 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 using the indirect method. Disclose any noncash transactions in an accompanying note. $($Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.$)$