Problem 11-4A (Algo) Prepare a statement of cash flows-indirect method (LO1t-2, 11.3, 11-4, 11-5) The income statement, balance sheets, and addtional irformetion for Video Fhones, hooporsed, are provisied. Additional information for 2024: 1. Purchased investment in bonds for $97,000. 2. 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 sale. 3. Purchased $52,000 in equipment by issuing a $52,000 long-term note payable to the sellec. No cash was exchanged in the transaction. 4. Declared and paid a cash dividend of $21,000. Required: Prepare the statement of cash flows using the indirect method. Disciose any noncash transactions in an accompanying note. (Amounts to be deducted, cash outflows, and any decrease in cash should be inficated with a minus sign.) Cant Flown from Operating Aothultien: Incone 5 tatennet Additional Information for 2024 : 1. Purchased investment in bonds for $97,000. 2. Sold land for $14,800. The land originally was purchased for $22,000, resulting in a $7,200 loss being sale. 3. Purchased $52,000 in equipment by issuing a $52,000 long-term note payable to the seller. No cash transaction. 4. Declared and paid a cash dividend of $21,000