The income statement, balance sheets, and additional information for Video Phones, Incorporated, are provided.

Additional Information for $2024$:

Purchased investment in bonds for $$110,000.$

Sold land for $$26,500.$ The land originally was purchased for $$35,000,$ resulting in a $$8,500$ loss being recorded at the time of the sale.

Purchased $$65,000$ in equipment by issuing a $$65,000$ long$-$term note payable to the seller. No cash was exchanged in the transaction.

Declared and paid a cash dividend of $$27,500.$

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.$)$

$\backslash$table$[[$VIDEO PHONES, INCORPORATED$],[$Statement of Cash Flows$],[$For the Year Ended December $31,2024],[$Cash Flows from Operating Activities:$],[$Net income,$$,167,000,],[$Adjustments to reconcile net income to net cash flows from operating activities:$],[$Depreciation expense,$32,000,],[$Loss $($on sale of land$),8,500,],[$Increase in accounts receivable,$(21,500),],[$Decrease in irvertory$],[$Incresse in prepaid rent$],[$Decrease in accounts payable$],[$Decrease in interest payable$],[$Increase in income tax payable$],[,,],[$Net cash flows from operating activities,,$186\mathrm{.}000],[$Cash Flows from Invesing Activities:$],[$Purchase investment in bonds$],[$Proceeds from sale of land$],[,,],[$Net cash flows from investing activities,,$0],[$Cash Flows from Financing Activities:$],[$Payment of cash dividends$],[,,],[$Net cash flows from financing activities,,$0],[,,],[$Cash at the beginning of the period$],[$Cash at the end of the period,,$$],[$Note: Noncash Activities$],[$Purchase equipment by issuing a nate payable,,$]]$ FILL OUT THE WHOLE TABLE