The income statement, balance sheets, and additional information for Video Phones, Incorporated, are provided. Additional Information for 2024: 1. Purchased irvestment in bonds for $100,000. 2. Sold land for $17,500. The land originally was purchased for $25,000, resulting in a $7,500 loss being recorded at the time of the sale. 3. Purchased $55,000 in equipment by issuing a $55,000 long-term note payable to the seller. No cash was exchanged in the transaction. 4. Deciared and paid a cash dividend of $22,500. Statisment of Eush Frows Cash Fows from Operating Activities: Adustments to reconcile net income to net cash flows from operating activities