Question: The income statement, balance sheets, and additional information for Cloud Mangu are provided. Additional information for 2024: 1. Purchased investment in bonds for $104,000. 2.

 The income statement, balance sheets, and additional information for Cloud Mangu
are provided. Additional information for 2024: 1. Purchased investment in bonds for

The income statement, balance sheets, and additional information for Cloud Mangu are provided. Additional information for 2024: 1. Purchased investment in bonds for $104,000. 2. Sold land for $21,500. The land originally was purchased for $29,000, resulting in a $7,900 loss being recorded at the time of the sale, 3. Purchesed $59,000 in equipment by issuing a $59,000 long-term note payable to the seller. No cash was exchanged in the transaction. 4. Deciered and paid a cash dividend of $24,500. Required: Prepare the statement of cash flows for Cloud Mangu using the direct method. Disclose any noncash transactlons in an accompanying note: Note: Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign. Note: Amounts to be deducted, cash outflows, and any ded. Disclose any noncash transactions in an accompanying note. Note: Amounts to be deducted, cash outflows, and any decrease in cash should be indlicated with a min... - tan

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